The US Supreme Court canceled the reciprocal tariffs imposed by the Donald Trump Administration on its trading partners. Just hours after the US Supreme Court’s decision on tariffs, US President Donald Trump signed an executive order imposing a 10 percent global tariff on all countries. After these developments, global markets including the stock market are expected to react on Monday. Such developments in the US may also impact gold and silver prices. The special thing is that there is a lot of uncertainty regarding the repayment of about 175 billion dollars collected by the US Administration after Trump’s tariffs and the tariffs imposed on trade partners.
According to market experts, the US Supreme Court’s decision on tariffs is expected to provide relief to Indian exporters who have considerable exposure to the American market. He said that the US Supreme Court’s decision has triggered positive sentiment, and the Indian stock market is expected to open with an upside gap on Monday. He said that GIFT Nifty closed almost 200 points above Nifty 50 closing, which is an indication of positive sentiment on the stock market after this decision of the US Supreme Court. Experts predicted a positive start for gold and silver prices. According to experts, there will be a lot of uncertainty when the market opens on Monday.
What could be the impact on the stock market?
Seema Srivastava, senior research analyst at SMC Global Securities, said in a Mint report that the stock market may see a rise on Monday. He said that the US Supreme Court’s decision to end Trump’s global tariffs is a major victory for Indian exporters, who were struggling with the tariffs imposed under the International Emergency Economic Powers Act (IEEPA). These tariffs had impacted Indian exports worth more than $50 billion, with labour-intensive sectors like textiles and gems facing major challenges. Due to which we may see a rise in the stock market.
He said in the media report that with this decision, the 18 percent reciprocal tariff fixed under the India-US trade framework has been abolished, which means that now only 10 percent tariff will be imposed on 55 percent of India’s exports to the US. However, Sugandha Sachdeva, founder of SS WealthStreet, said that the US Supreme Court’s decision on Trump’s tariffs will not impact sector-specific tariffs imposed under different legal authorities. Duty is still applicable on steel, aluminium, automobile, semiconductor and other strategic products. This ensures that targeted protection for specific industries continues despite major shocks to the reciprocal tariff framework.
What is Gift Nifty indicating?
Anticipating a gap-up opening for the Indian stock market, SEBI-registered fundamental equity analyst Avinash Gorakshkar said in a Mint report that when these developments took place, the Indian stock market was closed, but GIFT Nifty was open. Generally, Gift Nifty index and Nifty 50 index close with minor differences. But on Friday, the Nifty 50 index closed at 25,571, while the GIFT Nifty 50 futures for expiry of February 26, 2026 closed at 25,764, which is about 200 points higher than the Nifty 50 index. Therefore, I would not be surprised if BSE Sensex opens more than 500 points higher on Monday.
Effect on gold and silver rates
On what impact the US Supreme Court’s decision on Trump’s tariffs could have on gold and silver prices, Sugandha Sachdeva of SS WealthStreet said in a media report that this decision has brought new uncertainty to the global trade policy. He said that President Trump has publicly criticized the decision of the US Supreme Court and, showing his continued commitment towards protectionist trade policy, has announced the imposition of an additional global tariff of 10 percent. Sugandha Sachdeva said in a media report that these changing trade dynamics, coupled with increasing geopolitical tensions, are maintaining safe-haven demand. The ongoing US military preparations in the Middle East have increased the market’s concerns. With diplomatic deadlines and the threat of retaliation, geopolitical uncertainty remains. Overall, trade uncertainty, geopolitical risk premium and macroeconomic crosscurrents will continue to provide a structurally supportive backdrop for gold and silver.