"precious metal noted for its color, luster, malleability, and freedom from rust or tarnish," Old English gold, from Proto-Germanic *gulthan "gold" (source also of Old Saxon, Old Frisian, Old High German gold, German Gold, Middle Dutch gout, Dutch goud, Old Norse gull, Danish guld, Gothic gulþ), from PIE root *ghel- (2) "to shine," with derivatives denoting gold (the "bright" metal).
The root is the general Indo-European one for "gold," found in Germanic, Balto-Slavic (compare Old Church Slavonic zlato, Russian zoloto, "gold"), and Indo-Iranian. Finnish kulta is from German; Hungarian izlot is from Slavic. For Latin aurum see aureate. Greek khrysos probably is from Semitic.
c. 1200, from gold (n.); compare golden. In reference to the color of the metal, it is recorded from c. 1400. Gold rush is attested from 1859, originally in an Australian context. Gold medal as first prize is from 1757. Gold record, a framed, gold phonograph record to commemorate a certain level of sales, is from 1948.
Joe Grady and Ed Hurst, WPEN disk jockey team, will be given a gold record by Mercury of the one-millionth copy of Frankie Lane's waxing of That's My Desire, January 10, for having done so much to plug the platter in these parts [Philadelphia]. [Billboard magazine, Jan. 10, 1948]