In a pan, heat the ghee until melted, and then add the milk powder, whole milk, and saffron threads. Thoroughly mix the ingredients, ensuring no lumps remain, and allow it to cook on a low to medium flame until it begins to thicken slightly.

Next, introduce the powdered sugar and cardamom powder, stirring diligently to achieve a well-blended mixture. Continue cooking over a medium flame until the mixture starts detaching from the bottom of the pan, resulting in a smooth, velvety dough-like consistency.

Transfer the mixture onto a plate, allowing it to cool down slightly for easier handling. With the dough at a manageable temperature, take portions the size of a lime and shape them into round, slightly flattened forms. You can employ a peda or small mooncake mold for a more defined shape, giving this delectable dessert an aesthetic touch.

The pedas are now ready, and you can enhance their appeal by pressing slivered nuts onto their surface. Serve the pedas fresh and relish their delightful flavors.

For storage, place the pedas in an airtight container and refrigerate. They can be enjoyed for up to 8-10 days, providing a delectable treat whenever your heart desires.