Sheikh Salman al-Oadah
It is permissible for women to wear gold, whether it comes in the form of rings or some other style of jewelry. Indeed, a number of scholars have said that this is a point of juristic consensus (ijmâ`), including al-Bayhaqî and Ibn Hajar al-`Asqalânî.
The hadîth cited by some scholars to indicate the impermissibility of gold rings for women is a strange (shâdhdh) hadîth that is not to be considered. It contradicts with many authentic hadîth that show that it is permissible for women to wear gold jewelry.
The hadîth indicating that it is permissible for women to wear gold are so numerous as to possibly be considered mutawâtir.
And Allah knows best.
Source: Islam Today