(gold= noun). It's a golden watch. (golden = adjective)
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everlastinghopeHow should you have known ?,by the way is this question correct ?Yes. It is even grammatical.
AnonymousGolden comes before a noun.Gold comes after a verb.It is a golden ring.The ring is gold.This is definitely correct.Except that after fifty years of service at your company, they may give you a gold watch.