If I recall on mine the one closest to the thermostat is the oil temp gauge for the cold start lamp (not that it works)
First point of call is clean the connection, then do the tests on the gauge (earthing to block etc), then take it for a run to get it ‘hot’ and shove a £3 meat thermometer in the top.
For ease, you may choose to utilise a durite capillary gauge for peace of mind as it gives you the true temp!