Gold WhatsApp is a modified version of the WhatsApp that offers extra features and customization options, making it more appealing. These features include customizable themes, different chat bubble styles, the ability to hide your online status or blue ticks, and even features that let you download status updates directly. 

First, it's important to recognize that Gold WhatsApp is not an official app. Instead, Gold WhatsApp is a third-party modification created by independent developers. Because it is not available on the Play Store or the App Store, you will need to download Gold WhatsApp from web site. So, while Gold WhatsApp might seem like an exciting application, it's important to understand the risks involved with downloading it from unknown sources.

Another major concern with Gold WhatsApp is that it could lead to your WhatsApp account being banned. WhatsApp does not support third-party modified versions of their app. If they detect that you are using a version of WhatsApp that is not their official app, they may temporarily or permanently ban your account. 

Moreover, the privacy aspect of Gold WhatsApp is another reason to be cautious. Since Gold WhatsApp is not the official version, it might not have the same level of encryption and security that WhatsApp provides. WhatsApp uses end-to-end encryption, meaning only the sender and receiver can read the content of their conversations. However, because Gold WhatsApp is modified by third parties, it may not guarantee the same security features. 

Furthermore, it is important to remember that when you use Gold WhatsApp, you are not receiving official support or updates. WhatsApp frequently releases updates to improve functionality, fix bugs, and enhance security. Lastly, while Gold WhatsApp offers additional features like themes and customization, it's essential to consider whether these features are worth the risks involved.

In conclusion, while Gold WhatsApp might seem like a tempting option for those looking for more customization and features, there are several significant risks that should not be overlooked.