In obsolete|lang=en terms the difference between goud and gaud
is that
goud is (obsolete) woad while
gaud is (obsolete) to bedeck gaudily; to decorate with gauds or showy trinkets or colours; to paint.
As nouns the difference between goud and gaud
is that
goud is (obsolete) woad while
gaud is a cheap showy trinket.
As a verb gaud is
(obsolete) to bedeck gaudily; to decorate with gauds or showy trinkets or colours; to paint or
gaud can be to sport or keep festival.