The Collaborative International Dictionary of English v.0.48:

Gaud \Gaud\, v. t. [imp. & p. p. Gauded; p. pr. & vb. n.
   Gauding.]
   To bedeck gaudily; to decorate with gauds or showy trinkets
   or colors; to paint. [Obs.] "Nicely gauded cheeks." --Shak.
   [1913 Webster]