Gwyneth Paltrow looks sleek and sexy in a shimmering gold Calvin Klein Collection dress.

The 38-year-old accessorized her Oscar look with a ring from Louis Vuitton's L'Ame du Voyage jewelry collection. As for her straight 'do, the Glee guest star went to celebrity hairstylist Harry Josh.

In addition to looking beautiful on the Academy Awards red carpet, Gwyneth hit the stage to sing the Oscar nominated song "Coming Home" from the movie Country Strong.

See which tune won the Oscar for Best Original Song ... after the jump