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Ghosal beat home favourite James Willstrop in the play-off match.
Malayali Sunanya Sara Kuruvilla will be in action in women's doubles Squash on Thursday.
The-26-year-old Singh, son of a farmer, had a best effort of 390kg (167kg+223kg) for a podium finish and India's first-ever medal in the heavyweight category.
A last-minute addition to the athletics team, the national record holder cleared 2.22m to finish third on countback.
With the win, India is now top of their pool and are closer to the semifinals.
A steady Lovepreet improved from 157kg to 163kg in his final attempt of snatch to be joint second with Canadian Pierre-Alexandre Bessette.
Srikanth lost to lower-ranked Tze Yong Ng in three games to put the defending champions on the backfoot in the final.
India will take on Barbados in the women's cricket at the Games today.
The men's team defeated Singapore 3-1 in the title clash in Birmingham.
India defeated South Africa 17-10 in the final of women's fours in Birmingham on Tuesday.
Results 51-60 of 101
