The event, the first major international competition to be held at the newly-opened Emirates Arena, saw 10 nations – Finland, Denmark, Northern Ireland, Isle of Man, Ireland, Sweden, Wales, Iceland, Norway and hosts Scotland – compete in team and individual all-around disciplines.
Wales won the women's team competition, with Sweden second. In the men's event, Finland took top honours, with Norway taking silver and Denmark bronze. It was a day of mixed fortunes for Scotland, however, as the men's squad finished fifth
After the opening sub division Finns Rosanna Ojala and Maija Leinonen jointly led the women's individual all-around competition, with Helge Vammen of Denmark topping the men's leaderboard.
But it was the Swede Ida Gustafsson who clinched overall victory among the women, with Angel Romeo of Wales taking the silver and Emma Larsson of Sweden bronze. Scotland's Amy Regan finished fifth.
Vammen held on to win the men's competition, with Wales's Clinton Purnell second and Finn Kasper Holopainen third.
Tom Barnes was the highest placed Scot in the men's individual all-around, finishing 10th. Strong performances from Regan and fellow Scot Jordan Archibald saw them both secure places in the women's vault final today. Regan also qualified for the beam final in sixth place.
Scotland's Cara Kennedy, a beam bronze medallist at last year's event, narrowly missed out on a place this time around, finishing ninth after a few wobbles, but the two-time Scottish junior champion did make the floor final alongside Carly Smith.
Despite a couple of minor errors on vault, Scotland's Douglas Ross will compete in today's men's apparatus final where he has good chance of finishing among the medals.
Team-mate Liam Davie will compete in the floor and parallel bars finals.
But the day belonged to the Scottish women's team, who were thrilled with their third place.
A beaming Regan said: "It's been an amazing day. Competing here in front of a home crowd has given us all a taste of what it will be like at the Commonwealth Games in 2014.
"We could feel the crowd behind us and that did spur us on. It lifted us all and made us feel like we could do well."
The 17-year-old, who competes for City of Glasgow, had hoped to qualify for the floor exercise but a step out of bounds and fall on one of her tumbling passes thwarted her chances.
Making the beam final, she felt, had more than made up for it: "It was a surprise – but a nice surprise," she said.
"I can't wait to get out there again tomorrow.
"Hopefully if I perform the way I did today on beam, it should all go well."