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Nagal threatened to spoil Rune's party by taking the second set after the second round match, which was suspended due to rain on Wednesday, resumed. However, he lost his serve twice in the final set.
Silver and bronze medallists will also earn prize money, but only from the 2028 Los Angeles Games.
Nagal became the first Indian player to win a singles main draw match at an ATP Masters event on clay.
The 30-year-old Collins has announced that she will retire from the sport at the end of this season but has found herself playing in the form of her life and has extended her winning streak to 13 matches.
Cohen and Fisher, who married in 2010, shared the news of their split on their individual Instagram accounts.
The WTA said its agreement with the Saudi Tennis Federation will offer record prize money of $15.25 million this year with further increases in 2025 and 2026.
The two had an interaction during the Manorama Sports Awards 2023 ceremony in Kochi on Tuesday.
The 24-year-old pipped fellow finalists Sachin Baby and Sidhartha Babu for the honour.
Those who missed out on the final three spots are cricketer Minnu Mani, athlete Muhammad Ajmal, and footballer K P Rahul.
SDPI Kerala president Muvattupuzha Ashraf Moulavi said his party took the decision because the Congress is leading the anti-BJP INDIA bloc at the national level.