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Dynamic Pricing
Dynamic Pricing Engine — Full Details
Metal purity reference, pricing pipeline steps, and markup configuration
Multi-Metal Support & Purity Reference
10K Gold
Most affordable, durable for everyday wear
41.7%
14K Gold
Most popular for fine jewelry in the US market
58.3%
18K Gold
Premium quality, preferred in luxury segments
75.0%
22K Gold
Traditional Indian jewelry standard
91.6%
Platinum
Prestige metal — highest durability
95.0%
Silver
Sterling silver — fashion and entry-level range
92.5%
Pricing Pipeline — Implementation Details
01
Gold Price API
Step 01- · API fetches spot price every 15 minutes from multiple trusted sources
- · Fallback provider activates automatically if primary API goes down
- · Price stored in database with timestamp for audit trail
- · Webhook triggers recalculation pipeline on each price update
02
Automatic Recalculation
Step 02- · Base price = (gold weight in grams × current spot price) + making charges
- · All SKUs recalculated in parallel across all 108 stores
- · Price rounding rules applied per retailer preference (nearest $1 or $5)
- · Prices cached at edge for fast storefront display
03
Markup Configuration
Step 03- · Per-retailer markup percentage set in admin dashboard
- · Category-level overrides: rings, necklaces, etc. can have different markups
- · Minimum and maximum price guardrails per retailer
- · Markup changes apply to future recalculations only (no retroactive repricing)
04
Price Display
Step 04- · Prices rendered server-side for SEO (not client-side injected)
- · "Price updated X minutes ago" indicator on product page
- · Crossed-out comparison prices if gold drops (shows savings)
- · Currency localisation per market (USD, GBP, CAD, AUD)