Velvet earned its place on beds for a reason that has nothing to do with fashion. Its pile catches light at different angles across a single surface, so a velvet headboard is never one flat colour - it shifts from deep to bright as you cross the room. Put that against a gilded frame, which does exactly the same thing with its carved edges, and the two materials keep answering each other all day as the light changes.
Teal is an old choice for this pairing. It sits opposite gold on the colour wheel, so each makes the other look stronger, and it is dark enough to give a bedroom weight without going to black.
The craft question here is the seam between them. Our master Indian artisans set out the frame and the upholstery from one full-size drawing, so the carver's serpentine line and the upholsterer's shaped panel are the same curve. Cut them separately and there is always a gap somewhere. Drawn together, the velvet sits into the gold as though it grew there.