Old Gold is a dark yellow, which varies from light olive or olive brown to deep or strong yellow. The widely-accepted color "Old Gold" is on the darker rather than the lighter side of this range.
Old Gold is widely used as one of the two color symbols for colleges and universities (notably Purdue University), and fraternal organizations.
The academic dress regulations and colors for graduation cermonies requires the distinctive official costume of each person be worn. An old gold cap, gown, hood, or tassel represents a particular degree or diploma. Student participation in the Library Club and staff are honored with an old gold cord at graduation.
In gold mining, gold of any size, found in an old streambed; ancient, Tertiary, or otherwise; or parts thereof that have washed into the waterway, or gold found contained within hardpan would be considered "old gold."
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