# Jewelry store step 3: prices, gold rate and making charges

> Price jewelry from weight, the day's gold rate and making charges, update prices in bulk when the rate moves, and show making charges on the invoice.

Source: https://docs.smartposhub.com/business-types/jewelry/step-3-prices-and-making-charges/  
Last updated: 2026-10-30  
Product: SmartPOS Hub (https://smartposhub.com)

A gold piece is usually priced as **metal weight × today's rate for its karat + a making charge**. SmartPOS Hub stores a selling price per piece (or per gram); it does not pull a live gold rate. This step shows three ways to work with that, and how to reprice quickly when the rate moves.

## Before you start

- Pieces have their **Metal weight** and karat recorded ([step 2](https://docs.smartposhub.com/business-types/jewelry/step-2-weight-karat-product-fields/)).
- You have today's rate per gram for each karat you sell.

## Choose how you price

| Method | How it works | Good for |
|---|---|---|
| **A. All-in price per piece** | Selling price = weight × rate + making charge, entered on the product | Finished, tagged pieces (rings, sets, bangles) |
| **B. Price plus a making charge line** | Product price = metal value; add a **Making charge** service product to the sale | Showing metal and labor apart on the invoice |
| **C. Sell by the gram** | Unit **Gram**, price per gram; the quantity is the weight | Chains by length, bullion, coins, old-gold style trade |

### A. All-in price per piece

1. Edit the product and open **Pricing**.
2. Enter the **Default Purchase Price** (what the piece cost you) and either a **Margin(%)** or the **Default Selling Price** directly.
3. Choose **Selling Price Tax Type** (**Inclusive** if your tags show tax-inclusive prices).
4. Click **Update**.

![Pricing tab of a 22K antique bangle set with Product Type Single, VAT 5%, Selling Price Tax Type Exclusive, purchase price, margin and default selling price](https://docs.smartposhub.com/_astro/jewelry-product-pricing.nYUW4elS.png) (web app page: `/products/{id}/edit`)
*One selling price per tagged piece.*

### B. A separate making charge line

1. Add a product **Making charge** with unit **Service** (or Pieces), **Manage Stock?** off, and price 0 or a typical amount. See [Service products](https://docs.smartposhub.com/catalog/combo-and-service-products/).
2. At the till, add the piece, then **Making charge** and type the amount for this piece on the line.
3. The invoice shows the metal value and the making charge on separate lines, both taxed as you set them.

Cashiers need permission to edit the line price for this method, so give it to trusted staff only.

### C. Sell by the gram

1. Make sure the **Gram** unit exists with **Allow decimal** = Yes ([step 1](https://docs.smartposhub.com/business-types/jewelry/step-1-showroom-and-modules/)).
2. Add the product (for example "22K Rope Chain") with unit **Gram** and the selling price **per gram** (rate + making charge per gram).
3. At the till, type the weight as the quantity (12.35). The total is weight × price per gram.

**Note:** 
With the **Jewellery invoice** template, the quantity column is labelled as the weight, so a sale by the gram prints "12.35 g" next to the purity.

## When the gold rate changes

1. Open **Products › Update Price** and click **Export product prices**. The file lists every product with its SKU, current prices and a column per selling price group.
2. In Excel, recalculate the selling price of the gold pieces from their weight and the new rate. Don't change names, SKUs or headers; leave a price-group cell empty to keep it.
3. Upload the file and click **Import file**. Every row is checked first, then all prices change at once.

See [Prices and discounts](https://docs.smartposhub.com/catalog/prices-and-discounts/) for the export and import columns.

## Trade and privilege prices

**Products › Selling Price Group** holds extra price lists, for example **Trade** for other jewelers and **Privilege** for loyal customers. Enter the group price per product (**Save & Add Selling-Price-Group Prices** on the product form) and pick the group on the sale, or link it to a customer group.

![Selling Price Group page listing Trade and Privilege groups](https://docs.smartposhub.com/_astro/jewelry-price-groups.CEu3qCbu.png) (web app page: `/selling-price-group`)
*Separate price lists for trade buyers and loyal customers.*

## Mistakes to avoid

- **Old prices after a rate jump.** Make the bulk update part of your opening routine on days the rate moves.
- **Discounts on gold weight.** If you discount, discount the making charge, not the metal; method B makes that easy.
- **Missing purchase price.** Enter the real cost so **Profit / Loss** shows a true margin.

Next: [step 4: serial tags, certificates and warranties](https://docs.smartposhub.com/business-types/jewelry/step-4-serials-certificates-and-warranties/).

  - [Prices and discounts](https://docs.smartposhub.com/catalog/prices-and-discounts/)
  - [Price groups](https://docs.smartposhub.com/catalog/price-groups/)

## Frequently asked questions

### Does SmartPOS Hub update prices from the gold rate automatically?

No. There is no live gold-rate feed. When the rate changes, export prices with Products › Update Price, recalculate them in Excel and import them back. It takes a few minutes for the whole stock.

### Should the making charge be in the price or a separate line?

Both work. Inside the price is fastest at the till. A separate Making charge line shows the customer the metal value and the labor apart, which many jewelry buyers expect.

### Can I sell a chain by weight?

Yes. Give the product the unit Gram (decimals allowed) and set the selling price per gram. At the till, type the weight as the quantity, for example 12.35.

### Can trade customers get a lower price?

Yes. Create a selling price group such as Trade, enter group prices per product, and pick the group on the sale or link it to the customer's group.

### Can a salesperson change the price at the till?

Only if their role allows editing the product price. Keep it for managers on high-value stock.