The 18-year-old also created history as he surpassed the legendary Viswanathan Anand to take the No 1 spot among Indian chess players in the live ratings.
Grandmaster Arjun Erigaisi pipped Rinat Zumabayev of Kazakhstan in the fifth round to share the top spot.
The Indian men's and women's chess teams won silver medals at the Asian Games in Hangzhou on Saturday.
The India No.1 D Gukesh scored his first win of the event, beating GM Rinat Jumabayev.
Finance Minister Nirmala Sitharaman commended the outstanding performance of chess prodigy Praggnanandhaa
Rameshbabu Praggnanandhaa is still third on 9.5 points in the Norway Chess tournament.
Historic moment, hails Anand after four Indians reach FIDE WC quarterfinals
Viswanathan Anand shot into the lead at the end of three rounds of the Rapid segment in the third leg of the 2023 Grand Chess Tour
Gujrathi and Erigaisi will represent India in the men's individual event while Koneru Humpy and D Harika will do so in the women's section.
Rameshbabu Praggnanandhaa lost to World Champion Ding Liren in the Armageddon tie-breaker after the two played out a draw under normal time control in the second round.
Young Indian Grandmaster R Praggnanandhaa on Friday called for a robust financial backing for chess, debunking the common concept that players require minimal monetary support to train and excel in the sport.
The men's team comprises Grandmasters D Gukesh, Gujrathi, Erigaisi, P Harikrishna and R Praggnanandhaa.
In round 3, the Indian defeated German GM Vincent Keymar with the game decided in the rook endgame after Praggnanandhaa managed to win two pawns, following which Keymar resigned.
Carlsen, whose form has been up and down in the preliminary phase, took the fifth place with 26 points. He tripped Duda in the final round after settling for draws in rounds 13 and 14 against Daniel Naroditsky and Giri.
Giving prominence to experience over youthful exuberance, five-time world champion Viswanathan Anand feels the three Indian participants remain far from winning the Candidates chess title, saying they "should first settle into the tournament."
Indian men's team was held to a 2-2 draw by Iran in the fifth round of the Asian Games in Hangzhou on Tuesday.
Vidit Gujrathi crashed through the defences of Hans Moke Niemann of the United States to join the leaders' pack on 4.5 points.
All India Chess Federation (AICF) president Sanjay Kapoor said the federation is also working on organising an Indian Chess League.
'Chess and cricket are similar, but in cricket, you can show your aggression, but in chess, you can't. It is all about how calm you are in chess.'
Humpy excited about young Indian chess brigade, says 'can be worthy successor to Anand'
R Praggnanandhaa's ability to defend seamlessly in pressure situations and the deductive mind to quickly gauge his opponent's weakness is the hallmark of a world class player, national coach GM M Shyam Sundar said on Tuesday.
India continues to occupy the second spot with 9 match points (2 match points for a win and 1 for a draw) behind Iran (10 MPs).
Indian men and women opened their campaign in the chess team event at the Asian Games with easy wins over Mongolia and Philippines respectively, in Hangzhou on Friday.
Arjun Erigaisi's win over In-Jung Gu came after a stiff fight with the Korean having gained an advantage before slipping up.
Esports to breakdancing, Hangzhou will set the trend for future of sport
Young GM R Praggnanandhaa on Friday won both rapid games to eliminate second-seeded Hikaru Nakamura to enter the last 16 of the FIDE World Cup chess tournament in Baku.
The second day of the Tech Mahindra Global Chess League witnessed the debut of Magnus Carlsen, the strongest chess player in the world. C
Harika lost 1-0 to China's Hou Yifan
R Praggnanandhaa was the best Indian with an overall third place finish
Indian Grandmaster R Praggnanandhaa defeated compatriot Arjun Erigaisi 5-4 via the sudden death tie-break to enter the semifinals of the FIDE World Cup chess tournament in Baku on Thursday.
The team of Chingari Gulf Titans stunned Mumba Masters by 12:3, while SG Alpine Warriors were upstaged by Triveni Continental Kings
Grandmaster Vidit Gujrathi on Tuesday said "everything came together" for him at the Grand Swiss event on his way to the Candidates.
In another entertaining contest SG Alpine Warriors defeated Chingari Gulf Titans 11-6.
Praggnanandhaa turned things around in the all-Indian battle after his opponent blundered
Following is the schedule of Indian contingent on day six of the Asian Games:
Gujrathi won the match with black pieces as he exploited a tactical oversight from his famous opponent.
In the Open section, the India 'B' team, which has been in sparkling form, had to settle for a 2-2 draw against Uzbekistan as the in-form D Gukesh lost to Nodirbek Abdusattorov, the reigning world rapid chess champion.
Although he noted that the game of chess has changed in recent times, he was willing to offer advice to the new generation.
Anand firmly believes that India has enough talent to produce the next Chess World Champion
Erigaisi is currently in fifth place after eight rounds.