Jewellery management software with live gold price automation

Automate pricing, wastage calculations, purchases and invoicing with a structured workflow in Odoo.

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Gold rates fetched from live markets - automatically.

Gold prices change frequently. Manually updating product prices or invoices every day can slow down billing and create errors.

This jewellery management system integrates with GoldAPI.io to automatically fetch live gold prices and update purity-wise rates.

A scheduled background action keeps gold rates updated for 18K, 22K, 24K.

Updated Rates Applied Across

Jewellery Products
Purchase Orders
Sales Orders
Inventory Valuation

This ensures every transaction uses the latest market-linked gold price without manual updates.

API usage note: GoldAPI.io provides up to 100 free requests per month. Scheduled update frequency can be configured to control usage and costs.

API Provider Dashboard: www.goldapi.io

Key features

Automated gold price synchronization

Gold prices are automatically fetched from GoldAPI.io and updated through scheduled actions.

Purity-based pricing

Jewellery items are priced according to configured purity levels, ensuring consistent valuation across products and transactions.

Automated wastage calculations

Gold wastage is calculated automatically during sales and purchase transactions using predefined wastage rules.

Accurate transaction pricing

Purity price, wastage and labour charges are automatically applied across purchases, sales orders and invoices.

Multi-currency support

GoldAPI supports international currencies, allowing jewellery businesses to operate across different markets

Why Jewellery businesses need automation

Many jewellery businesses still rely on manual pricing methods such as:

  • Checking daily gold rates
  • Updating product prices manually
  • Calculating wastage for each order
  • Verifying invoice calculations

These processes are repetitive, slow and prone to errors.
Automating jewellery pricing ensures transactions remain fast, accurate and consistent, while eliminating daily manual work.

From setup to sale in four steps

1
Configure purity & making styles

Set up gold purity levels such as 18K, 22K and 24K. Define making charges and wastage rules that will drive pricing calculations.

2
Sync rates via GoldAPI

A scheduled background action automatically fetches live gold prices and updates purity-wise rates inside the system.

3
Create products with instant pricing

Enter purity and product weight to automatically calculate the sale price.
Sale price = Purity price × Weight

4
Purchase, sell and invoice

Purchases and sales include wastage logic and structured billing through Odoo’s workflow.

Built for real jewellery operations

Select purity. Enter weight. Price done.

Create jewellery products by entering purity, weight, making style and wastage rules.

The system calculates sale price using:
Purity Price × Weight

Wastage calculated automatically

When weight and purity are entered, the system calculates:

Wastage weight = Product weight × Gold wastage (%) ÷ 100

Wastage amount = Wastage weight × Carat rate

Your pricing rules. Applied consistently

Configure making styles and purity levels so pricing and valuation remain consistent across products, purchases and sales.

Purchase and bill with structured calculations

Purchase order lines automatically compute labour charge, wastage weight,wastage amount, order totals.

Products can be received into inventory and bills uploaded to generate draft vendor bills.

Labour charge = Product weight × Making charge per gram

Subtotal = Unit price + Labour charge + Wastage amount

Sales, delivery and invoice workflows inside Odoo

Create quotations and sales orders with automatically calculated pricing. Validate delivery orders and generate invoices through Odoo’s billing workflow.

Reports for visibility and control

Access Purchase order, Receipt, Bill, Sale order, Delivery order and Invoice reports to track transactions, wastage costs and operational history.

Built for

Manufacturers

Track purchase inputs and wastage logic with structured calculations for consistent costing.

Retailers

Keep purity pricing aligned with live gold rates and generate documents with accurate calculations.

Wholesalers

Handle bulk orders with purity-based pricing and wastage calculations in purchase and sales flows.

Discover the success stories

See how jewellery businesses are streamlining pricing, wastage and billing with automation

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Gold prices move fast.
Bring accuracy and speed to your jewellery operations

Automate purity pricing, wastage calculations and transaction workflows with a system built for jewellery businesses.

View the app

Have questions about automating your jewellery pricing?

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