Gold prices edge up ---

LONDON, Mar 23 (Reuters): Gold prices gained on Wednesday as investors looked to shield against soaring inflation and uncertainty caused by events in Ukraine, with elevated US bonds yields capping gains in non-interest bearing metal.

Spot gold was up 0.3 per cent at $1,927.42 per ounce by 1246 GMT. US gold futures rose 0.2 per cent to $1,926.00.

"The market seems to be holding quite well since its sharp correction lower," with support coming from ongoing geopolitical uncertainty and good physical demand, independent analyst Ross Norman said.

Gold is considered a safe store of value during times of rising inflation and geopolitical uncertainty.

Gold prices advanced to near record highs earlier this month, but then saw a steady decline heading into a key US central bank policy meeting last week. They have since moved into a more steady range.

Spot silver rose 0.7 per cent to $24.92 per ounce, platinum fell 0.5 per cent to $1,017.57, and palladium was up 0.6 per cent at $2,499.18.