The miller has a very pretty daughter that is very smart. The miller brags about his daughter to the king. He says that she can turn straw into gold. The king takes her away thinking he will be rich.
The king makes the miller's daughter turn all the wheat in the chamber into gold. She doesn't know how. Person vs Person
The droll says he'll do it if she gives him something. She gives him her necklace. He turns all the gold into wheat.
She has nothing left to give to the droll, so she has to give him her first baby. She said that would never be done, but then she realized it was the only way, and agreed.
When he comes for her baby she cried and cried until he said that he would give her three days to guess his name. She guessed and guessed until one of her messengers came and told her he saw a little goblin by the campfire. His name was Rumplestiltskin.
The little goblin comes and the queen guesses his name. With disbelief the little goblin stomps away and the queen lived happily ever after.