10 grams of 24 carat gold is making records. A few days ago, the price of gold reached beyond Rs 1 lakh and now it has come at a price of Rs 96000 per 10 grams. At the same time, the price of 1 kg silver is also above Rs 96000. The price of 10 grams of gold on MCX is trading at Rs 95160 for futures on 5 June. Meanwhile, the price of one thing is increasing rapidly.
In fact, after the Pahalgam Terror Attack in Pahalgam, India has increased saffron prices by about Rs 5 lakh per kg after India has shut down trade through the Attari-Wagah border, which is more than the price of 50 grams of gold.
Why did saffron become so expensive?
The price of saffron is increasing because its imports have been affected for India. Since the closure of the attic border, saffron is not being imported from Afghanistan, due to which its price has increased by 10 percent in only 4 days. According to an Economic Times report, saffron from Afghanistan has stopped from Afghanistan.
55 tonnes of saffron consumed in India
Retail sellers and wholesale sellers are worried about not being supplied. Especially high quality saffron (SAFFRON price), which was coming to India by the closing ground of Pakistan. India consumes about 55 tonnes of saffron every year. A part of it comes from Kashmir, which is known for its best saffron, while a large part of it is imported from Iran and Afghanistan.
Increased price for Iranian saffron
Afghan saffron is especially known for its dark color and aroma, while Iranian saffron is more economical option. The report said that the price of Iranian saffron (saffron rates) has also increased by 5% due to the closure of Afghan supply. Three major varieties are usually available in saffron market.
- Mongra (Kashmiri) – dark red, the strongest taste and the highest price
- Lacha (Kashmiri) – This includes parts of the style, whose strength is slightly low
- Pushal (Afghan, Iranian) – Light colored hair, with some yellow, more economical
And can the price of saffron increase?
The domestic crop from Kashmir is only at the peak in late autumn and the current reduction can increase prices even more during the upcoming wedding and festival season. According to the Economic Times, it is the most delicate spice in the world, which may cost further due to Indo-Pakistan stress.