Back at the palace Alberich tries to persuade his son Hagen to get the ring. Hagen wants to get the ring, but only for himself. Siegfried arrives. He no longer wears the tarn helmet so he looks like himself. Hagen blows his horn to call his vassals (soldiers) for a celebration. Gunther is to marry Brünnhilde and Siegfried is to marry Gutrune. Brünnhilde cannot understand why Siegfried is doing this. She sees the ring on his finger and asks him how he got it, as she thinks Gunther snatched it from her. Siegfried says that he won it by killing a dragon. He tells people how he tricked Brünnhilde and swears that a sword lay between them during the night, although Brünnhilde tries to make people think otherwise.