black gold noun4 •Coal.They [the railways] are mostly remnants of a long-gone coal industry, laid out largely to bring the black gold from the mines to the waterways. — 2022 •(informal) Raw petroleum; crude oil. •Black-coloured gold, variously produced by patination, deposition, oxidation, etc. and used in jewellery or in high-technology applications. •Black pepper, in the context of being a historically valuable spice.