Wright has claimed the £10,000 title and a third of the season after victories in both Wigan and on the PDC Summer Series.
For Razma, it was a second PDC ranking final but one where he didn't show his best darts and as a result, his wait continues for a first title.
Wright began the final with a bang going 4-0 in front which included successive 65 finishes to steal an early march on the second time finalist.
Razma got himself off the mark after being 4-0 down to make it 4-1 hitting a 113 checkout but Wright got ever closer to the winning line at 5-1.
A break in the form of a 78 checkout saw him go within two. A 70 and 97 checkout saw him conclude proceedings and produce a stunning start to the PDC Autumn Series for the World Champion.
Click here for more information about the PDC Autumn Series, including the prize fund breakdown.
Last 16
Devon Petersen (93.8) 6 | 3 (91.8) Simon Whitlock
Jesus Noguera (93.4) 6 | 4 (86.3) Scott Waites
Jelle Klaasen (88.1) 6 | 4 (91.2) Vincent van der Voort
Madars Razma (89.8) 6 | 2 (84.8) Karel Sedlacek
Peter Wright (99.7) 6 | 1 (87.7) Boris Krcmar
Glen Durrant (99.9) 6 | 2 (92.7) Mervyn King
Krzysztof Ratajski (95.0) 6 | 4 (101.9) Jose De Sousa
Michael van Gerwen (91.3) 6 | 5 (90.8) William Borland
Quarter-Finals
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Devon Petersen (97.9) 6 | 5 (90.8) Jesus Noguera
Madars Razma (89.6) 6 | 1 (87.3) Jelle Klaasen
Peter Wright (99.1) 6 | 0 (92.9) Glen Durrant
Michael van Gerwen (99.8) 6 | 2 (93.5) Krzysztof Ratajski
Semi-Finals
Madars Razma (97.3) 7 | 6 (98.2) Devon Petersen
Peter Wright (109.0) 7 | 6 (101.6) Michael van Gerwen
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🎯 WINNER 🎯
Congratulations to @snakebitewright, who has won the PDC Autumn Series Day One title, defeating @MadarsRazma 8-1 in the final.
The Latvian won through to his second PDC final, but it's the World Champion who scooped the £10,000 title.