Disclosed is a self-latching gate latch device. The device comprises a latch and a magnet bar housing assembly wherein, the latch assembly comprises a horizontal latch bar that is horizontally movable between a forward latch bar engagement position and a backward default latch bar disengagement position and wherein, the magnet assembly comprises a magnet bar that is vertically movable between a default downward magnet bar engagement position and an upward magnet bar disengagement position. The bottom end of the magnet bar is secured with a magnet. When the magnet bar is in the default position thereof, the attraction force between the magnet and the latch bar causes the latch bar to move to the latch bar engagement position at which point, the latch bar engages the magnet assembly. A twist knob that operates a guide and track mechanism is provided wherein, twisting and lifting the twist knob causes the magnet bar to move to the magnet bar disengagement position, which, in turn, causes the latch bar to move to its default position.