Live Pricing
Live pricing automatically updates a jewellery product's price the moment the gold rate, purity, weight or making charge behind it changes.
Live pricing means a product's price is never a fixed number typed into a field. Instead it is worked out on demand from the metal rate, the purity fraction, the net weight, any stone value, the making charge and the taxes that apply. When the morning gold rate moves, every piece built on that rate reprices itself without anyone touching a product record.
How a live price is assembled
A jeweller rarely sells gold at a flat number. The price of a single ring is a stack of parts, and live pricing keeps that stack as a formula rather than a saved figure. Take a 22K ring weighing 8 grams on a day the 22K rate is 6,000 rupees per gram. The metal value is 8 times 6,000, or 48,000 rupees.
On top of that base sit the other lines. A making charge of 12 percent adds 5,760 rupees. If the design carries a small diamond worth 4,000 rupees, that goes in too. GST is then applied, 3 percent on the metal and stone value and 5 percent on the making charge, and the total becomes the displayed price. Change any one input and the whole figure recomputes.
Why manual pricing breaks at scale
A shop with 40 pieces can just re-tag them when the rate shifts. A catalogue of 4,000 SKUs cannot. Editing each product by hand invites two failures: stale prices that quietly lose margin when gold rises, and mismatches where the website shows one number and the counter shows another.
Live pricing removes the typing. The team maintains the rate, the purity fractions and the charge rules in one place, and the storefront, the admin panel and the invoice all read from the same calculation. The customer sees a price that reflects this morning's market, not last week's.
What a jeweller controls
Live pricing is rule driven, so a business keeps its own pricing character. Making charges can be set per category, per collection or per gram. Wastage can be folded in or shown separately. Stone rates can come from master records. The rules stay put while the rate underneath them moves.
- Metal rate by purity, updated daily or intraday
- Purity fraction such as 0.916 for 22K
- Net weight and any stone value per piece
- Making charge as a percentage or flat per gram figure
- GST applied correctly on metal, stones and making
- Prices are calculated from live inputs, not saved as fixed numbers.
- A single rate change reprices the whole affected catalogue at once.
- Storefront, admin and invoice all read the same figure.
- Rules for making, wastage and stones stay consistent as gold moves.
Live Pricing, in short.
Does live pricing change prices while a customer is checking out?
Most jewellers lock the price at the point the order is placed, so a customer is charged the figure they saw. The rate keeps updating the catalogue, but a confirmed order holds its agreed price.
How often should the gold rate be updated?
Once each morning is the common practice, matched to the local bullion association rate. Businesses that trade heavily or see volatile days update intraday so the displayed price never drifts far from the market.
Can different products use different making charges under live pricing?
Yes. Making charges are set by rule, so plain gold chains, diamond rings and bridal sets can each carry their own percentage or per gram rate while all reading from the same live metal rate.
Related terms
See live pricing inside a real jewellery system.
JewelleryOS keeps product, pricing, stones and orders in one connected place, built for how jewellery businesses actually work.