Name Draupnir Gender Masculine Usage Ancient Scandinavian, Norse Mythology, Icelandic Edit Status Status Meaning & History Means "goldsmith". Draupnir is the name of both a dwarf and ODIN's golden arm ring, which he laid on BALDR's funeral pyre to show that HEL was the legitimate ruler of the Underworld. "Draupnir" was also used as a kenning for "gold".