Yes it does but not as well as copper.
Some metals are better than others at conducting electricity, i.e. they have a higher conductivity or lower resistivity. In order of increasing conductivity we have:
Copper is widely used as a conductor in electronics, electrical appliances and for cables. It is ductile (i.e. can be easily stretched and deformed into wires), malleable (can be easily depressed into shape by compressive forces) and relatively cheap.
Silver is more conductive than copper, but much more expensive.
Aluminum is less conductive than copper, but lighter and so is used for overhead cables.
Gold is less conductive than copper and more expensive. However unlike copper, its desirable characteristic is that it doesn't tarnish, i.e. oxidise in air due to contact with oxygen. It doesn't react with other common compounds either. Electrical connectors are usually made of brass and often coated with nickel. However these can tarnish over time, and this results in a degradation in performance because the tarnish coating is an oxide, nitride, sulphide, chloride, carbonate or whatever and isn't very conductive. (e.g. the green verdigris on copper domes on buildings). This is why more expensive audio/video connectors are coated with gold so that they don't tarnish, resulting in possible bad connections between equipment.