The Collaborative International Dictionary of English v.0.48:

Gracious \Gra"cious\ (gr[=a]"sh[u^]s), a. [F. gracieux, L.
   gratiosus. See Grace.]
   1. Abounding in grace or mercy; manifesting love, or
      bestowing mercy; characterized by grace; beneficent;
      merciful; disposed to show kindness or favor;
      condescending; as, his most gracious majesty.
      [1913 Webster]

            A god ready to pardon, gracious and merciful. --Neh.
                                                  ix. 17.
      [1913 Webster]

            So hallowed and so gracious in the time. --Shak.
      [1913 Webster]

   2. Abounding in beauty, loveliness, or amiability; graceful;
      excellent.
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            Since the birth of Cain, the first male child, . . .
            There was not such a gracious creature born. --Shak.
      [1913 Webster]

   3. Produced by divine grace; influenced or controlled by the
      divine influence; as, gracious affections.

   Syn: Favorable; kind; benevolent; friendly; beneficent;
        benignant; merciful.
        [1913 Webster]

WordNet (r) 3.0 (2006):

gracious
    adj 1: characterized by charm, good taste, and generosity of
           spirit; "gracious even to unexpected visitors"; "gracious
           living"; "he bears insult with gracious good humor" [ant:
           ungracious]
    2: characterized by kindness and warm courtesy especially of a
       king to his subjects; "our benignant king" [syn: benignant,
       gracious]
    3: exhibiting courtesy and politeness; "a nice gesture" [syn:
       courteous, gracious, nice]
    4: disposed to bestow favors; "thanks to the gracious gods"