Gold was selected as Liberal candidate for the Saffron Walden division of Essex for the 1895 General Election. Saffron Walden was already a Liberal seat, so his election to parliament was expected. He served for one parliamentary term before retiring in 1900. He did not stand for parliament again. He continued to support the Liberal Party, being a major financial contributor to the party in Saffron Walden in 1906. In 1910 he left the Liberals to join the Conservatives due to his opposition to Lloyd George's People's Budget that introduced new taxes on landowners.