As demand for saffron increases abroad, the price of saffron rises to Rs. 5,00,000 reached

New Delhi: Gold-silver foil gives sweets a luxurious look, saffron enhances its taste. Sweets with silver foil are attractive in appearance, but when it comes to price, they are nowhere to be compared to saffron.

People often think that gold and silver cost more than all other things, but when you hear the price of Kashmiri saffron, you will think ten times before buying it. The gold-silver sheen will pale against the saffron color.

The price of gold foil is 59000 rupees per 10 grams. However, silver and saffron are used more than gold. While Kashmiri saffron is being sold up to 4 lakh 95 thousand rupees per kg. There is a huge demand for this saffron in America, Canada, Britain. The price of saffron has risen by more than 40 percent in the last one year.

The effect of increase in demand is being seen on its price. Kashmiri saffron has got a GI tag. It is the only saffron in the world with a GI tag. Kashmiri saffron is in huge demand in countries across the world. Farmers cultivating Kashmiri saffron have benefited greatly by getting the GI tag.

The price of saffron has increased further after getting the GI tag. Kashmir special saffron is being sold at Rs 2.8 lakh per kg to Rs 4.95 lakh per kg. Its price has increased by about 40 percent in the last one year.