The most common and most likely answer to this crossword clue is the 6 letter word AURORA
I've seen this crossword clue in Financial Times
A
U
R
O
R
A
More clues leading to the result AURORA
- Light in the sky - gold in atmosphere
- Gold in atmosphere and light in sky
- Leaders of ancient unnamed region organised rituals around dawn
- Visual display of yellow in the atmosphere
- Tincture seen in coloured glow, a rich orange
- Atmospheric phenomenon or boomer sound?
- Poet’s dawn air “threaded with gold”
- Dawn French at the right, or away at the left
- Dual gold rings are reportedly a shade of orange
- Dawn, woman losing head with gold in clasp
Buddy explains!

The straight part
We know that "ight in sky" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case ight in sky = aurora.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does AURORA mean?
AURORA noun- An atmospheric phenomenon created by charged particles from the sun striking the upper atmosphere, creating coloured lights in the sky. It is usually named australis or borealis based on whether it is in the Southern or Northern Hemisphere respectively.