Feature · Metal rates
Gold moves every day. Smart Jewelry POS fetches the bullion price for you, works out each karat with your own markup, and every product price and new invoice follows the rate you set this morning.
Live gold rate software keeps your metal prices in step with the market without re-pricing stock by hand. Smart Jewelry POS stores a buy and a sell rate for every metal and karat you trade, fetches international bullion automatically, and uses today’s sell rate for every product estimate and new invoice line.
International gold today
Updated . International bullion price. Your local market rate will differ; price with the rate you buy and sell at.
Work out a piece’s price with the gold price calculator or convert units with the tola to gram converter.
Four rates per metal
Bullion has no karat and no branch, so it is kept once per metal. Local rates carry both, because a 21K sell rate in one branch may differ from another.
International bid, USD per troy ounce, fetched automatically.
International ask, USD per troy ounce, fetched automatically.
Your selling rate per store, metal and karat. Seeds every product price and invoice line.
What you pay for old gold, per store, metal and karat. Used when you buy metal from customers.
Automatic bullion
International buy and sell quotes for gold, silver, platinum and palladium arrive on their own throughout the day, in US dollars per troy ounce, the way bullion is quoted. If the feed is ever unavailable, your last good rate stays in place and you can still enter rates manually.
Auto-derive
Switch on auto-derive and set a markup for each metal and karat once. When bullion or the dollar rate moves, the local rate for every karat in every store is recalculated: bullion × exchange rate × purity × your markup.
Prefer to set your own board each morning? Leave auto-derive off and type the local rates in. You can also choose which karats your shop trades, so dropdowns only show the ones you use.
USD per troy ounce, fetched automatically.
Converted to your currency per gram.
22K, 21K, 18K or any karat you add.
Per metal and karat. The result is your local rate.
Your units
Prices are always calculated in grams, but your customers may think in tola. Add the units you quote in and the rates page shows them alongside the per-gram rate.
Example rates. 1 tola = 11.6638 g.
| Karat | Per gram | Per 10 g | Per tola |
|---|---|---|---|
| 24K | $125.00 | $1,250.00 | $1,458 |
| 22K | $114.58 | $1,145.83 | $1,336 |
| 21K | $109.38 | $1,093.75 | $1,276 |
| 18K | $93.75 | $937.50 | $1,093 |
Where the rate goes
Each product’s estimated retail price is worked out from the current rate when you open it, so nothing needs re-tagging.
A line added to a bill starts at today’s sell rate for its metal and karat. The salesperson can still adjust it for that sale.
When you buy metal from a customer, the local buy rate is the starting point for the appraisal.
Every change is kept with who made it and when. Run the Rate History report for any period.
Local rates are per store, so each branch can run its own board while bullion stays shared.
Only managers and owners change rates. Auto-derived rates can’t be overwritten by hand by mistake.
Questions
International bullion prices for gold, silver, platinum and palladium are fetched automatically from a market data feed, as buy and sell quotes in US dollars per troy ounce. You can also type rates in by hand at any time.
If you switch on auto-derive, each local rate is calculated from the bullion price, the US dollar exchange rate, the karat’s purity and the markup you set for that metal and karat. If you prefer, you keep entering your local rates manually instead.
Yes. Rates are always shown per gram, and you can add display units such as tola (11.6638 g), 10 g, kilogram or ounce. These are for display only; prices are still calculated in grams.
Yes. Local buy and sell rates are kept per store, metal and karat, so two branches can price differently. Bullion rates are shared across the business.
Every rate change is kept, with who changed it and when, and the Rate History report shows how rates moved over any period.
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