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As per my mother's advice I wrap silk sarees in cotton cloth. Usually old dhoti's. Now that my husband does not wear dhoti, I wrap in cotton saree material. Mom's old sarees, cut into four or five parts and used for wrapping.
also see that if two colors are there in the saree, one does not overlap the other.
also you need to dry the unused silk sarees once in a year or once in six months. Just put it in open air for few hours.
You can also keep naphthalene balls to save it from worms.
Hope this helps.