"bile, liver secretion," Old English galla (Anglian), gealla (West Saxon) "gall, bile," from Proto-Germanic *gallon "bile" (source also of Old Norse gall "gall, bile; sour drink," Old Saxon galle, Old High German galla, German Galle), from PIE root *ghel- (2) "to shine," with derivatives denoting "green, yellow," and thus "bile, gall." Informal sense of "impudence, boldness" first recorded American English 1882; but meaning "embittered spirit, rancor" is from c. 1200, from the old medicine theory of humors.
Proto-Indo-European root meaning "to shine;" it forms words for "gold" (the "bright" metal), words denoting colors, especially "yellow" and "green," also "bile, gall," for its color, and a large group of Germanic gl- words having to do with shining and glittering and, perhaps, sliding. Buck says the interchange of words for yellow and green is "perhaps because they were applied to vegetation like grass, cereals, etc., which changed from green to yellow."
It forms all or part of: arsenic; Chloe; chloral; chloride; chlorinate; chlorine; chloro-; chloroform; chlorophyll; chloroplast; cholecyst; choler; cholera; choleric; cholesterol; cholinergic; Cloris; gall (n.1) "bile, liver secretion;" gild; glad; glance; glare; glass; glaze; glazier; gleam; glee; glib; glide; glimmer; glimpse; glint; glissade; glisten; glister; glitch; glitter; glitzy; gloaming; gloat; gloss (n.1) "glistening smoothness, luster;" glow; glower; gold; guilder; jaundice; melancholic; melancholy; yellow; zloty.
It is the hypothetical source of/evidence for its existence is provided by: Sanskrit harih "yellow, tawny yellow," hiranyam "gold;" Avestan zari "yellow;" Old Persian daraniya-, Avestan zaranya- "gold;" Greek khlōros "greenish-yellow color," kholos "bile, gall, wrath;" Latin helvus "yellowish, bay," Gallo-Latin gilvus "light bay;" Lithuanian geltonas "yellow;" Old Church Slavonic zlutu, Polish żółty, Russian zeltyj "yellow;" Latin galbus "greenish-yellow," fellis "bile, gall;" Lithuanian žalias "green," želvas "greenish," tulžis "bile;" Old Church Slavonic zelenu, Polish zielony, Russian zelenyj "green;" Old Irish glass, Welsh and Breton glas "green," also "gray, blue;" Old English galla "gall, bile," geolu, geolwe, German gelb, Old Norse gulr "yellow;" Old Church Slavonic zlato, Russian zoloto, Old English gold, Gothic gulþ "gold;" Old English glæs "glass; a glass vessel."