It sounds like what you want is for the } to either jump to the (already inserted) }, or to simply insert a } and delete the } that was inserted earlier by the electric mode.
This code should do what you want, the choice of what to do on } is toggled by the variable my-ruby-close-brace-goto-close
.
;; assuming
;; (require 'ruby)
;; (require 'ruby-electric)
(defvar my-ruby-close-brace-goto-close t
"Non-nill indicates to move point to the next }, otherwise insert }
and delete the following }.")
(defun my-ruby-close-brace ()
"replacement for ruby-electric-brace for the close brace"
(interactive)
(let ((p (point)))
(if my-ruby-close-brace-goto-close
(unless (search-forward "}" nil t)
(message "No close brace found")
(insert "}"))
(insert "}")
(save-excursion (if (search-forward "}" nil t)
(delete-char -1))))))
(define-key ruby-mode-map "}" 'my-ruby-close-brace)