In a bizarre turn of events, top seeded and rating favourite Jobava failed to turn up for the final game in time, giving the points as walk over and the title to Gupta who had kept himself in contention with two victories on the trot prior to the last round.
For the records, Gupta scored seven points out of a possible nine and tied for the top spot along with Vasif Dararbayli of Azerbaijan and Martin Kravitsiv of Georgia but won the title on tie-break with a total of six wins and two draws.
Gupta's victory added to Indian celebration as a total of eight medals were won by the youngsters in the world youth chess championships that concluded at the same time.
R Praggnanandaah was the pick of the boys winning the gold in the under-8 championship with a tremendous 11 points out of 11 games. The Indian finished two points clear of nearest rivals here.
In the under-10 girls' section, Saina Salonika deservingly won the gold scoring nine points while C Lakshmi won the bronze in this section a half point behind.
Among other Indians in the fray, Raghunandan K Srihari won the silver in under-12 section while Bhagyashree Patil and Grandmaster Vaibhav Suri won bronze medals in under-8 girls and under-18 respectively.
The Indian team also won the best team prize as the maximum medal winning country in the mammoth event that saw participation of over 1700 children from various parts of the globe.