<h1>Sudden large intraday gold and silver price spikes prompt regulatory scrutiny, AML and FX reporting, and market surveillance</h1> Rapid, large intraday spikes in domestic gold and silver prices tied to currency depreciation and overseas safe-haven flows may trigger regulatory and compliance scrutiny. Authorities could assess possible market manipulation or collusion among bullion dealers, require enhanced reporting under anti-money-laundering and foreign exchange rules for importers and traders, and review customs, GST and valuation compliance given sharp price moves. Central bank and securities/commodities regulators might consider intervention to ensure orderly markets and investor protection, including guidance on disclosures by trade associations and tightened surveillance of derivatives and physical trading to mitigate systemic and consumer risks.