Savage, 32, was a cult hero at St Andrews during his two-and-a-half-year spell following a £1.25million move from Leicester.
But the midfielder had a huge falling out with the Birmingham hierarchy when he manufactured a £3m transfer to Ewood Park in January 2005, insisting a family illness meant he had to move.
The switch infuriated City as Savage had only just signed a new four-year £25,000-a-week deal and fans felt he was leaving simply for more money.
In April 2006, Savage snubbed Gold's attempts to shake his hand on a return to St Andrews.
But Brum chairman Gold hopes finally to make peace with the Welshman on Sunday when City visit Ewood Park.
"I always thought I had a fantastic relationship with Robbie and did everything in my power to keep him here," Gold told the Mirror.
"He refused to shake hands with me, though, which I found hurtful and was a shock. I have not seen him since and if I do I will offer my hand and it will be outstretched but whether Robbie reciprocates is up to him.
"I hope he does because as heartbreaking as it was that we lost the player, it was years ago and we have moved on."