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In the field of metric fixed point theory, there are several generalized or modified types of metric space. One such type is called multiplicative metric space. It was initially introduced as a modified version of the metric space, but was later found to be equivalent to the metric space. However, it allows the researchers to view the concept of metric space from a different perspective. Consequently, the idea of product-operated metric space is introduced in this article, which is obtained by removing the slackness of the multiplicative metric space. This article also presents some fundamental characteristics of the product-operated metric space and investigates the existence of fixed points for self-maps in product-operated metric spaces.