<h1>Record highs in gold and silver spark legal, regulatory scrutiny over trading, disclosure, tax reporting, and market stability risks</h1> Precious metals prices reached record highs domestically and internationally, with silver at Rs 1.5 lakh/kg and gold above Rs 1,19,500/10g, driven by safe-haven demand, expectations of US interest-rate cuts, and geopolitical/trade measures including new US tariffs. Domestic bullion and futures markets recorded fresh peaks across several contract months on the national commodities exchange. The price surge raises legal and regulatory considerations for market participants and authorities, including heightened oversight of trading and derivatives activity, disclosure and client-suitability obligations for brokers, tax and reporting implications of tax-inclusive quotations, and potential policy responses to systemic market stress.