Glasgow had "set the bar very high" for the city of Gold Coast in Australia who will host the 2018 Commonwealth Games, according to Queensland Queensland tourism minister Jann Stuckey.
She said: "Thank you for welcoming us into your homes and your hearts. "Congratulations on delivering a Commonwealth Games that epitomised the spirit and passion of sport."
Receiving the flag of the Commonwealth Games, Tom Tate, mayor of city of Gold Coast, said: "I am honoured to receive this flag on behalf of the people of City of Gold Coast, Australia."
He added: "We accept this responsibility with great pride and in the spirit of the Commonwealth Games."
Almost £5 million has been raised for the children's charity Unicef as a result of the Commonwealth Games.
A live appeal by the actor James McAvoy and Olympian Chris Hoy during the opening ceremony got the ball rolling with almost £3.7 million donated.
A further £1.2 million was raised through the partnership between Unicef, Glasgow 2014 and the Commonwealth Games Federation (CGF) before the Games, with the remainder coming from continued fundraising throughout 11 days of competition.
The charity said the money will allow them to achieve the ambition of reaching every child in every Commonwealth country in a range of ways, including using sport and education in Malawi to engage with young people and help reduce HIV infection.
Welsh rythmic gymnast Frankie Jones was presented with the David Dixon Award which recognises an outstanding athlete of the Commonwealth Games.
Handing her the award Prince Imran, of Malaysia, president of the Commonwealth Games Federation said: "Her ongoing commitment to her sport alongside her quiet, inspirational character has encouraged many young girls to take up the sport."
He went on to describe Glasgow 2014 as "the best Games ever", adding: "Glasgow - you were Pure, Dead Brilliant."
Jones won six medals in Glasgow, claiming five silver and one gold in the ribbon routine which was her last ever performance before retirement. She was also the Welsh flag bearer at the opening ceremony.
Athletes are nominated by their Commonwealth Games Association at the end of the final day of competition and the winner is selected by a panel of representatives from each of the six Commonwealth regions and the president.
Prime Minister David Cameron has live tweeted from the Commonwealth Games closing ceremony.
He said it was "hard to believe" it had finished.
Tribute was paid to the 15,000 public sector volunteers known as the Clydesiders who helped with the Commonwealth Games.
More than 50,000 people volunteered to help the 11 day event run smoothly, but less than a third were chosen to help.
The Scottish singer Lulu has taken the stage at Hampden stadium in Glasgow, kicking off the Commonwealth Games Closing Ceremony.
Athletes who competed in the Commonwealth Games are preparing to mark the end of the 11-days event at the closing ceremony at Hampden stadium in Glasgow.
More than 40,000 are expected to watch the closing ceremony at the stadium in Glasgow.
Lulu, the Scottish singer most famed for performing the title song to the James Bond film The Man with the Golden Gun, has tweeted about her excitement to perform at the Glagow Commonwealth Games Closing Ceremony tonight.
The rumours are TRUE.... I am doing my little bit at the opening of the common wealth Finale tonight... Excited to be here .Tune in at 9pm ?
The show, called "All Back To Ours," will feature Kylie Minogue, Deacon Blue and Dougie Maclean. It will reflect "a typical night out in Glasgow," the games' head of ceremonies David Zolkweras said.
Scotland's First Minister has praised the Commonwealth Games as a "gold medal performance" by organisers, athletes and volunteers.
Writing on the Scottish government website, he said: “From the moment the opening ceremony kicked off, everything about these Games has been a huge credit to Glasgow and Scotland. It has truly been a gallus and glittering Games."
He added: “The atmosphere in the city has been electric – everyone has played their part and have given a gold medal performance ensuring the tens of thousands of visitors have been made to feel at home. Even the Scottish weather has done its bit."
England has topped the Glasgow 2014 Commonwealth Games medal table. With 58 golds, 59 silvers and 57 bronzes, England has finished well ahead all the other countries.
This has been the most successful Commonwealth games for both England and Scotland, with Wales winning more medals than in any previous games and finishing 13th.