Chairman of judges Steve Smith said the wine, named champion wine of the show, was "the finest example of the finest red wine variety in this country".
The wine was also named champion pinot noir and top open red wine.
Organised by representative body New Zealand Winegrowers, the awards are regarded as the official competition of the New Zealand wine industry.
Central Otago region picked up five of the competition's 19 trophies at the awards dinner held in Auckland on Saturday, which was attended by 700 people.
Peregrine Wines marketing director Greg Hay said it was a "tremendous result" and one the vineyard would be celebrating for "a long time to come".
"It's the culmination of a lot of years of hard work. These trophies are getting harder and harder to get, especially the supreme champion award.
"Everyone is striving to get it."
Peregrine chief executive and co-owner Lindsay McLachlan said Peregrine had been extremely pleased when its 2008 riesling and 2009 pinot noir received gold medals before the awards dinner.
However, the excitement hit new levels at the dinner when both wines were elevated to "elite gold", a status requiring a score of 19 or more points out of 20.
"We have a plan and we are working on our overall objective of continuing to exceed consumer expectation.
To receive the multi awards for the 2007 pinot noir and then the ultimate prizes at the Air New Zealand dinner on Saturday evening are fantastic endorsements that we are on the right track," he said.
"It is not just receiving the award that is a great boost, but the comments from the highly acclaimed and international judging panel, who concluded that the 2009 Peregrine pinot noir was `the finest example of the finest red wine variety in this country', puts the icing on the cake."
The Gibbston Valley China Terrace Central Otago Pinot Noir 2009 was awarded the top sustainable wine trophy.
New Zealand Winegrowers global marketing director Chris Yorke said sustainability continued to be an important focus at the awards, with 13 "pure elite" gold medals awarded - up from just two in 2009.
Mr Yorke said the pure elite medals were introduced three years ago to acknowledge wines which were 100% sustainably grown and produced.
Olssens Slapjack Creek Central Otago Pinot Noir 2009, which was named champion exhibition red wine, also received a pure elite gold.
