Gold price today, Aug. 13 -- Gold rates climbed in the domestic futures market Wednesday morning, supported by weakness in the US dollar after inflation prints showed a slower-than-expected rise, fuelling hopes of a US Fed rate cut in September. MCX Gold October 3 contracts were up 0.06 per cent at Rs.1,00,215 per 10 grams at 9:15 AM. MCX Silver September 5 contracts were up 0.49 per cent at Rs.1,14,290 per kg at that time.

US Consumer Price Index (CPI) increased by 2.7 per cent year-on-year in July, holding steady from June's rate. In June, too, US inflation had risen by 2.7 per cent, but it was its highest level since February.

(This is a developing story. Please check back for fresh updates.)

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