This is a gold gilded antique fragment which has been mounted on new painted boarding surrounded with a new gilded frame, accenting the fragment piece. The piece is made up of different leaf/flower motifs, typical of items carved during this period.
It appears that all of the gilding on the fragment is original to the piece.
The frame does have some spacing in the corners where the frame pieces meet. The piece is easy to hang because of the wood makeup of the back. It comes with D-rings, however it could be hung in any manner.