People who study alchemy are called alchemists. It was first considered for students to learn how to change lead into gold. Alchemy falls under many umbrellas, including magic, science, philosophy, and spirituality. It revolves around the study of the composition structure and mystical properties of the five basic elements of the universe: fire, air, earth, land, and water.
It is also intermingled with potion making and astrology. At its baseline, the purpose of alchemy is to “transmute” something lesser into the bigger version it was destined to be. It offers a way of living in balance with the universe, which may result in transformation.
Alchemy is the name of the study. People who study alchemy are known as alchemists. It is an old study, as well as a philosophy. The study is related to changing substances, like metals, into other substances. Along with that, it also studies how substances are related to subjects like astrology and magic.
One of the things they tried to do was change mercury or lead into gold. They would want to change it into gold because gold was seen as a perfect stone. It was also regarded as the elixir of life, which would cure any disease and prolong life.