New Delhi, Feb. 23 -- Gold and silver prices rally up to 5% on Monday, February 23, as investors assess the White House's potential next moves on tariffs after the US Supreme Court struck down the broad global tariffs imposed by Donald Trump.

Spot gold prices were up 1.61% to $5,160 per ounce, while silver prices climbed 5% to $86 per ounce, during the Asian trading hours on Monday.

The Supreme Court of the United States ruled that Donald Trump had overstepped his authority by using federal emergency powers to implement sweeping "reciprocal" tariffs worldwide, along with targeted import duties, effectively striking down a significant portion of the levies introduced during his second term.

In response, Trump said alternative mechanisms...