All eyes are on the US Supreme Court as it prepares to deliver its first decision on former President Donald Trump’s tariff policy. The ruling, expected on Friday, could send ripples through markets worldwide, especially in India.
What the case is about
The court will decide whether Trump’s large import duties – ranging from 10% to 50% – were legal under the International Emergency Economic Powers Act (IEEPA). Lower courts have already said the tariffs likely overstepped presidential authority, a power that normally belongs to Congress.
Possible outcomes for India
Analysts see two main scenarios:
- Full strike‑down: If the court declares the tariffs illegal, Indian companies that were hit by the 50% duties could see a quick rally.
- Partial ruling: Even a limited setback for the tariffs would ease trade tensions and could lift sentiment in Indian equities.
Either way, a decision against the tariffs is expected to be positive for India, which bore some of the heaviest blows from the trade measures.
Impact on gold and silver
Uncertainty around the ruling also affects precious metals. Higher volatility often pushes investors toward gold and silver as safe‑haven assets.
- Gold has strong support around $4,300‑$4,400 internationally and ₹1,20,000‑₹1,30,000 domestically.
- Resistance levels sit near $4,500 globally and ₹1,42,000 in India.
- A ruling against the tariffs could ease trade fears, potentially pulling some money out of gold and silver.
Key takeaways
- The Supreme Court’s decision is due on Friday, likely around 10 a.m. ET.
- A verdict against Trump’s tariffs would likely lift Indian stocks, especially sectors hit by the duties.
- Precious metals may see short‑term swings, but long‑term trends remain tied to broader economic factors.
- Even if the court rules against the tariffs, the US President could still seek congressional approval, so some uncertainty will remain.
Remember, this is perspective, not prediction. Do your own research and consider consulting a certified financial advisor before making any investment decisions.