I think it is probably fire gilded, but this is an opinion based on a photo that has been viewed on a screen. Don't quote me. 
 
I would call it lung-lungan = vines, maybe it has other names also. 
 
I do not know when gold was first used on keris. 
 
My opinion as to the reason for its use is that it would have been used as a hierarchical marker. Certainly not for any talismanic reason.
		 
		
		
		
		
		
		
		
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