One rate, published once
The day’s rate per karat is entered once and every bill, estimate, exchange and valuation reads it from there. A rate stamped on a document stays stamped — reprinting last March’s invoice prints March’s rate, not today’s.
Industry
A gold business is priced off a rate that changes daily and a purity that changes by the piece. Both are first-class facts here rather than columns somebody types twice.
The day’s rate per karat is entered once and every bill, estimate, exchange and valuation reads it from there. A rate stamped on a document stays stamped — reprinting last March’s invoice prints March’s rate, not today’s.
22K, 18K, 916 and anything else you deal in are stored against the piece, and fine weight follows from net weight times the purity fraction rather than from a second figure that can disagree.
Metal bought across the counter raises a purchase document in that customer’s own name, tested purity and all — not an adjustment against a supplier who never sold you anything.
Per gram, per piece or a flat amount, with wastage handled as its own figure so the labour on a bill can be explained line by line.
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