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Kashmir saffron prices surge past silver varq as GI protection reshapes luxury demand
Economy
Published on 24 April 2026
Saffron now costs nearly 5 times silver varq
Top-quality Kashmir saffron is now selling at about INR4,950 per 10g—far above silver varq, which is roughly INR800 for the same quantity. Gold leaf remains pricey too, but saffron’s climb is sharper, reaching INR4.9 lakh per kilogram after its geographical indication tag boosted perceived origin and quality.
- Kashmir saffron trades around INR4,950 per 10g
- Saffron is now far costlier than silver varq at INR800
- GI tag appears to have intensified demand and pricing power
- Gold leaf still leads at INR59,000 per 10g, up 40%
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times