The price of 24-carat gold stands at Rs 1,11,330 per 10 grams in Mumbai, while 22k gold is available at Rs 1,02,050 per 10 grams.

The price of 24-carat gold stands at Rs 1,11,170 per 10 grams in Mumbai, while 22k gold is available at Rs 1,01,900 per 10 grams.

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Mary Cunningham is a reporter for CBS MoneyWatch. Before joining the business and finance vertical, she worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program.