In the gold-medal round, with just a one-point margin, Anish, who won the silver at the Commonwealth Shooting Championships last November at Belmont, displayed his skill with a maximum of an unbeatable 30 points.
Schaefer beat Cameroon's Joseph Essombe Tiako 13-3, while Kakran defeated Bangladesh's Sherin Sultana 4-0.
Coached by former India star Jaspal Rana, the Haryana lad has been going through a superb run of form in recent months.
In Shooting, 15-year old Anish Bhanwala clinched the Gold in Men's 25-metre Rapid Fire Pistol event becoming the country's youngest ever gold medallist at the Games.
"When the Commonwealth Games Federation says no tolerance, the Commonwealth Games Federation means no tolerance", the Commonwealth Games Federation stated in its strongly-worded statement that called Irfan and Babu's declaration of innocence "evasive and unreliable".
Saturday, which is the penultimate day of the Commonwealth Games 2018, will also see Neeraj Chopra in action in the final of the javelin throw.
While coach Mark Hopkins may point to a "super-exciting young side with unlimited talent", the real trick will be convincing SASCOC to permit them to travel to the next big global competition - the 2020 Olympic Games in Tokyo.
Mary Kom had previously had the honour of bearing the Queen's Baton during the opening ceremony for the 2010 Commonwealth Games in New Delhi, despite the fact that women's boxing wasn't a part of the event at that time.
India has so far won 29 medals - 14 gold, 6 silver, and 9 bronze - in the last eight days. Botsawana, Kenya, Fiji, Jamaica, India, Bahamas, Australia, and Trinidad and Tobago qualified.
Dhanda entered the final of the women's 57 kilogram category for the first time before taking the silver metal home in women's 57kg category.
The Australians have captured 10 gold medals - 28 total - from track and field, including Games-winning performances from men's pole vaulter Kurtis Marschall (SA), women's discuss Dani Stevens (NSW) on Thursday, April 12. In the Men's Freestyle 65kg semi-final Abdul Wahab beaten by Vincent De Marinis of Canada on points by 10-0 in the first round.
Squash: Joshna Chinappa and Dipika Pallikal defeat Samantha Cornett and Nikki Todd of Canada to advance to women's doubles semifinals.