<h1>Record silver price surge to Rs 1,63,000/kg raises regulator scrutiny, dealer disclosure, taxation and anti-hoarding concerns</h1> Silver futures and spot prices in the national capital surged to a record Rs 1,63,000/kg driven by safe-haven buying amid geopolitical and economic uncertainty and expectations of US interest-rate cuts, following a similar sharp rise earlier in the week; local trade association data showed prior closing levels near Rs 1,57,000/kg while gold remained at all-time highs. Legal considerations include potential scrutiny by market regulators over volatility and price manipulation, obligations for bullion dealers on disclosure and taxation, and implications for consumer protection and anti-hoarding enforcement in the domestic bullion market.