Gymnast Max Whitlock is targeting his second Commonwealth medal in as many days when he competes in the all-around final after helping England to their first team gold since 2002.
Oldham suffered an ankle injury on the vault which ruled him out of competing in the parallel bars, meaning pommel horse specialist Smith had to step up and absorb the pressure knowing his score on the apparatus was suddenly crucial to his team's medal hopes.
However, the Olympic silver medallist came through, with Wilson, Whitlock and Thomas all keeping their nerves in check on the last piece of apparatus, the high bar, to secure gold.
The team competition also doubled as qualification for individual events, with Whitlock claiming top spot in the all-around rankings with a score of 90.365.
"It was really good, we all pulled it together at the right time," Whitlock told Press Association Sport. "It was a bit difficult doing three pieces at a time but we've been doing the build up together for some time and we were all really happy with our performances and the gold medal.
"It's been a target for us for a long time. The last Commonwealths we got silver and this one we were aiming for that gold medal so it felt amazing to stand in that first place podium with the team.
"The all-around has been a massive target for me and I'm looking forward to that tomorrow and hopefully I can do a similar job to what I did today (Tuesday) and yesterday."
Oldham left the arena in a wheelchair and although he returned to collect his medal, is unlikely to take part in individual finals.
"I think that would be a long shot," Oldham said. "I've got to wait on stuff but for now the priority is my health and world championships aren't that far away and I will wait on the results before I make any decisions."
England's women matched the achievements of the men's team as Becky Downie, Hannah Whelan, Ruby Harrold, Claudia Fragapane and Kelly Simm produced a strong all-round strong performance over the two days of the team competition at the Hydro to win team gold.
"I can't believe what we have just achieved. The whole team is really proud and I think it will take some time to sink in," Downie said.
Wales' team of Rear Theaker, Elizabeth Beddoe, Georgina Hockenhull, Jessica Hogg and Angel Romero won bronze with 160.095, just over a point and a half behind silver medallists Australia.
Scotland's team silver was extra special for primary school teacher Adam Cox, though, after he came out of retirement in order to challenge for Glasgow honours.
"The kids will love this," he said, pointing at the medal hanging around his neck. "I have been working really hard to show them what gymnastics is. I have been doing a video blog over the last two years showing them the highs and lows of competitive sport.
"I've been showing them what you have to put your body through to be successful. This medal will beat any of that, that's for sure."