US Supreme Court ruling on Trump’s tariffs: The US Supreme Court invalidated the reciprocal tariffs that the Trump administration had placed on its trading partners.
US President Donald Trump approved a 10% global tariff on all nations just hours after the US Supreme Court’s tariff ruling. Global markets, particularly Dalal Street, are therefore anticipated to respond on Monday after the sequence of these events.
Given the considerable uncertainty surrounding Trump’s tariffs and the return of over $175 billion in tariffs collected by the US administration after they were placed on trade partners, gold and silver prices are also anticipated to respond to similar developments in the US.
Market analysts predict that Indian exporters with substantial exposure to the US market will benefit from the US Supreme Court’s tariff ruling. The Indian stock market is predicted to open with an upward gap on Monday due to the optimistic emotion sparked by the US Supreme Court’s ruling.
According to them, the Gift Nifty closed over 200 points higher than the Nifty 50 close, indicating that Dalal Street was feeling upbeat following this ruling by the US Supreme Court. Since there will be a lot of uncertainty when the market starts on Monday, they forecast a positive start for the prices of gold and silver.
What does Dalal Street stand to gain from the US Supreme Court’s tariff ruling?
According to Seema Srivastava, Senior Research Analyst at SMC Global Securities, the US Supreme Court’s ruling to reverse Trump’s international tariffs is a significant victory for Indian exporters who were having difficulty with tariffs enforced by the International Emergency Economic Powers Act (IEEPA).
“55% of India’s exports to the US will now be subject to merely 10% because the ruling effectively eliminates the 18% reciprocal tariff agreed upon under the India-US trade framework,” Seema Srivastava of SMC Global Securities stated that she anticipates a gap-up opening on Monday when Dalal Street trade activity picks back up.
With labor-intensive industries like textiles and jewels facing major difficulty, these levies have impacted nearly $50 billion in Indian exports.
But according to Sugandha Sachdeva, the founder of SS WealthStreet, sector-specific tariffs levied by different statutory agencies are unaffected by the US Supreme Court’s ruling on Trump’s tariffs. Steel, aluminum, cars, semiconductors, and other strategic goods are still subject to duties. This guarantees that, in spite of the wider setback to the reciprocal tariff regime, specific protection for important industries will continue.
What does Gift Nifty indicate?
Avinash Gorakshkar, a fundamental equity analyst registered with SEBI, predicted a gap-up opening for the Indian stock market, saying, “When these changes took occurred, the Indian stock market was closed, but the Gift Nifty was open.” The Nifty 50 index and the Gift Nifty index generally closed with little variations.
However, the Gift Nifty 50 futures for February 26, 2026, expiry closed at 25,764, about 200 points higher than the Nifty 50 index, on Friday, while the Nifty 50 index closed at 25,571. Therefore, if the BSE Sensex opens more than 500 points higher on Monday, it will not surprise me.
influence on the prices of gold and silver
According to Sugandha Sachdeva of SS WealthStreet, the US Supreme Court’s opinion on Trump’s tariffs raises new questions about international trade policy and could have an effect on the price of gold and silver.
“These changing trade dynamics, combined with heightened geopolitical tensions, continue to underpin safe-haven demand,” she said, highlighting President Trump’s public criticism of the US Supreme Court ruling and his announcement to impose an additional 10% global tariff. Market fear has increased as a result of the US military’s continuous buildup in the Middle East. Geopolitical uncertainty is still high due to diplomatic deadlines and the possibility of retribution.
According to Sugandha Sachdeva of SS WealthStreet, “trade uncertainty, the geopolitical risk premium, and macroeconomic crosscurrents continue to provide a structurally favorable background for gold and silver.”
Prospects for today’s gold rate
“Technically, the gold price is well maintained near $4,880 per ounce and ₹1,49,800 per 10 gm in the domestic market,” Sugandha Sachdeva remarked when discussing the forecast for the gold rate today. Around $5,100 to $5120 per ounce and ₹1,61,000 per 10 gm, there is immediate resistance. A persistent rise over these prices may pave the way for $5,350 globally and ₹1,75,000 per 10 gm at home.
Today’s silver rate outlook
“Silver price is finding support about $70 per ounce and ₹2,25,000 per kg (closing basis), while resistance is put around $86 per ounce and ₹2,75,000 to ₹2,78,000 per kg in the May contract,” Sugandha Sachdeva said in reference to the silver rate prediction for today.
A clear breakout above resistance, especially if trade tensions or geopolitical threats intensify, could lead to a new upward leg in silver towards ₹3,50,000 per kg, according to the SS WealthStreet expert.
Liquidity and directional conviction may strengthen as Chinese players are anticipated to return from the Lunar New Year vacation break on February 24. This might pave the way for a sustained advance when important technical thresholds are cleared.
