Gujrathi had won the Azerbaijan event last year after outperforming compatriot Arjun Erigaisi.
The former World champion lost two games - one to Fabiano Caruana (USA) and the other to Richard Rapport (Hungary) while drawing with five others.
Indian chess icon Viswanathan Anand placed with nine points from seven rounds of Rapid (involving two mini-matches) and 14 rounds of Blitz.
The Gashimov Memorial tournament this year is being played as a rapid and blitz chess tournament.
Anand had endured losses at the hands of Rauf Mamedov (Azerbaijan) in the opening round before suffering defeats to Rapport and David Navara (Czech Republic) in the second and third round respectively.
World Champion Viswanathan Anand was held to a draw by Wang Yue of China in the first round of Nanjing Pearl Spring Chess tournament on Wednesday.
World champion Viswanathan Anand pulled off a fine victory over Etienne Bacrot of France to finish second in the Pearl Spring Chess tournament in Nanjing on Saturday.
World Champion Viswanathan Anand was held to a draw by Vugar Gashimov of Azerbaijan in the ninth and penultimate round of the Pearl Spring Chess tournament Nanjing on Friday.
World Champion Viswanathan Anand came back to sole third spot after defeating Vugar Gashimov of Azerbaijan 1.5-0.5 in the 10th and penultimate round of 20th and last edition of Amber blindfold and rapid chess tournament in Monaco.
Led by Krishnan Sasikiran on the top board, India defeated formidable Azerbaijan 2.5-1.5 in the third round of the World Team Chess Championship to emerge as joint leader in the elite event in Bursa, Turkey on Friday.
World Champion Viswanathan Anand was held to a draw by Vugar Gashimov of Azerbaijan in the fifth round of the Pearl Spring Chess tournament Nanjing, China on Sunday.
Grandmaster P Harikrishna was held to a draw by GM Vugar Gashimov of Azerbaijan in the fifth round of the 50th edition of Reggio Emilia International Chess tournament in Italy.
Grandmaster P Harikrishna got the better of David Navara's defence and tamed the Czech to leapfrog to the lead after the fourth round of the 50th Reggio Emilia Chess tournament.
In the second round, Anand lost the first of the two-game mini-match to Rapport with black pieces. The second game ended in a draw with the Indian playing with white pieces.
Krishnan Sasikiran, S S Ganguly and Pendyala Harikrishna drew their third round matches in the Dubai Chess Championship and dropped to second place.
Five-time world champion Viswanathan Anand drew with old foe Vladimir Kramnik of Russia in the fourth round of Shamkir Chess 2015, held in the memory of Grandmaster Vugar Gashimov.
Former World champion Viswanathan Anand played out an effortless draw with Fabiano Caruana of Italy to finish second in Shamkir Chess tournament in Shamkir, Azerbaijan, on Sunday.
Five-time world champion Viswanathan Anand found his way back to the 2800 rating club and jumped to second spot in the World rankings after beating local hero Shakhriyar Mamedyarov in the eighth and penultimate round of Vugar Gashimov memorial in Shamkir, Azerbaijan.