A gold investment has historically been known for multiple benefits. A hedge against inflation is arguably its most well-known feature, thanks to a general ability to remain steady in value when inflation erodes the dollar's purchasing power.

Gold prices were little changed on Wednesday after touching a record level earlier in the day on continued safe-haven demand, as investors awaited the U.S. Federal Reserve's interest rate decision due later in the day.

The price of gold has recently reached a historic high breaking $3,000, on Tuesday it remained above that. At least 12 people, including a popular musician, died when a small plane crashed into the sea while taking off from a Caribbean island off Honduras,

Gold and silver prices have seen a remarkable surge in recent weeks, with gold approaching the ₹90,000 per 10-gram mark on MCX and silver surpassing ₹1 lakh per kilogram. In the international market,