Price calculation
How a SKU's price is worked out, and the pricing settings behind it.
The Price card on each SKU page shows the current price, the calculated price with every line that makes it up, and an Apply button to publish it.
- Metal = net weight × today's rate per gram for that purity.
- Wastage = net weight × wastage % × the same rate.
- Making charge = per gram × net weight, or % of the metal value, or the fixed amount.
- Stones = carats × rate per carat, or pieces × rate per piece, for each line.
- Other charges are added as they are.
- The subtotal gets your markup, then GST, then rounding.
A worked example
The ring in the picture, with gold 24K at ₹1,00,000 per 10 g, so 18K is ₹7,507.51 per gram:
| Line | Worked out | Amount |
|---|---|---|
| Gold 18K | 3.900 g × ₹7,507.51 | ₹29,279.28 |
| Wastage 8% | 0.312 g × ₹7,507.51 | ₹2,342.34 |
| Making charge | 3.900 g × ₹850 | ₹3,315 |
| Diamond, round, F VS1 | 0.500 ct × ₹1,20,000 | ₹60,000 |
| Diamonds (12 pieces) | 0.240 ct × ₹45,000 | ₹10,800 |
| Hallmarking and IGI certificate | fixed | ₹1,553 |
| Subtotal | ₹1,07,289.62 | |
| GST 3% | ₹3,218.69 | |
| Rounding | nearest ₹1 | −₹0.31 |
| Price | ₹1,10,508 |
- Apply publishes the calculated price. It shows in Price history and goes to connected stores that have auto-push on. If rates or settings changed since you opened the page, it asks you to check the new figures first.
- Minimum price, at the bottom of the card, is a floor: the calculated price never goes below it.
- If something is missing (a metal rate, the net weight or a stone rate), the card lists it instead of a price, so a half-worked price is never published.
Pricing settings
| Setting | Starts at | What it does |
|---|---|---|
| Markup (%) | 0 | Added to the subtotal before GST |
| GST (%) | 3 | The GST rate on gold, silver and diamond jewellery in India |
| Published prices | Include GST | Include: customers see the final price. Exclude: your store adds tax at checkout |
| Round the price to | Nearest 1 | No rounding, or the nearest 1, 10 or 100 |
| Update prices automatically | Off | See Repricing |
| Hold changes bigger than (%) | 15 | See Repricing |
The example line under the settings shows what a ₹1,00,000 make-up would be published at, as you type. Only the owner or an admin can change pricing settings.