An overcome Lee collapsed on his back with his hands over his face as he made it a Commonwealth hat-trick to add to a trophy haul that also includes three Olympic silvers.
Srikanth had beaten Lee in the mixed team championships final earlier in the Games but the former world number one rallied for a 19-21 21-14 21-14 triumph on Sunday for his third individual CWG gold. It was always a losing battle for Srikanth thereafter as the Malaysian was in no mood to let go of his grip on that gold medal with his fourth win over the Indian.
This content is restricted to site members. Srikanth will be hoping to do a repeat of that performance against the unsafe Chong Wei.
Lee's lackadaisical approach improved considerably thereafter and after leading 11-9 at the interval, he displayed some of the many stylish shots in his armoury to draw level and stay afloat in the high-intensity match, which was as much about elegance as sheer power.
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But it was not all smooth sailing for him on Sunday as Srikanth started off confidently. The gold he won in Gold Coast is probably one of the last medals for badminton's superstar trudging in his mid-30s, and it came against the newest world No 1, Kidambi Srikanth, whom he had lost to a week ago.
The Indian breezed away with a 11-8 lead midway into the second game.
Lee, now ranked seventh in the world, stormed back in the second to take it 21-14, then stepped up another gear to clinch the decider by the same emphatic score. Srikanth had started well, taking the the lead initially. Lee continued to plunder points as will before closing off the game by a comfortable margin to seal the title. The Indian narrowly won the first set 21-19.
Lee Chong Wei sits on the court after celebrating his victory.