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Product price related to the market rates

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Product price related to the market rates

I want to upload jewelry products on my website. Each product style comprises of metal, stones, labour etc. The total price of each product is a total  cost of these components. These components ave a cost attached to it, which also fluctuate on a frequent basis depending on the market rates. How do I associate component of  variable values to each product. Also I will need a master where I enter rates of each components. Whenever I make a change in the rate master, the prices of each product are refreshed too across the website. I will appreciate if I can get help in this matter as soon as possible. Thank youMagento
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Re: Product price related to the market rates

There's actually a subscription service that plugs into Magento to adjust rates based upon the market rates for precious metals: https://marketplace.magento.com/nfusionsolutions-productpricing.html