However, national champion Deepak Singh, Kavinder Singh Bisht and Ashish Kumar had to settle for silver medals after losing in the finals.
In women's event, Simranjit Kaur Baath also had to remain content with silver after losing to reigning world champion Dou Dan of China in the finals of 64 kg category.
Up against a lanky opponent, who was willing to play the waiting game, Panghal started in his usual aggressive style.
Willing to risk a few blows, the quick-moving Bisht stunned his rival by the sheer power of his punches and gave him a bloodied right eye in the second round.
The Indian juggernaut has been unstoppable so far and national coach C A Kuttappa said rediscovering the aggressive streak has been vital to the success.
Kavinder Singh Bisht (56kg) was the star of the show for India in the morning session on the first day of quarter-final action.
Former world junior champion Nikhat Zareen (51kg) was at her imperious best in her opening bout against Cambodia's Srey Pov Nao.
With back to back medals in different tournaments in the recent past, Panghal said there wouldn't be any pressure on him to perform.
Satish out-punched Iran's Iman Ramezanpourdelavar to make the last eight, while world silver-medallist Sonia defeated Vietnam's Uyan Do Nha in the women's draw on Friday.