Is it permissible to adorn young boys with gold and silver if they are under 2 years of age?

Shaykh ʿAbd al-Azīz bin ʿAbdullah bin Bāz:

It is absolutely not permissible for young boys to wear gold, even if they are younger than two years of age. Gold is permissible for females and is prohibited for males, whether it is rings, watches or other than that. It is not permissible to place gold on a young boy, just as it is not permissible for a grown man to wear it. Rather gold is for women only.