He was born into a Jewish family in Kővágóörs, a town located on the shores of Lake Balaton. He learned playing chess at the age of 15 during his years spent in a high school. In 1857, he departured to Vienna for following the courses of a medical school.
He arrived in America on December 11, 1892, and immediately published two chess problems in the New York Sun. Gold remained in New York for the rest of his life. He died in Bronx at the age of 85, and was buried (funeral from the chapel of Saul Rothschild, 159 West 120th St.) in the presence of a small group of Hungarian relatives and friends in the evening of November 11, 1920.