The Indian duo lost 7-11, 4-11 to King and Coll and missed out on a spot in the final of the event.
Ghosal, ranked 15th in the world, will play the loser of the second semi-final between James Willstrop of England and Wales' Joel Makin in the bronze play-off on Wednesday.
India's schedule on Tuesday, Day 5 of the Birmingham Commonwealth Games.
Ghosal recovered from a defeat in the second set to see off Scotland's Greg Lobbon 11-5, 8-11,11-7 11-3
Ghosal and Pallikal hardly broke a sweat as they prevailed 11-8, 11-4 over the Australians
Saurav Ghosal created history on Wednesday as he won India's first-ever singles medal in squash at the Commonwealth Games in Birmingham.
India held on to sixth place in the medals tally
India fought back from a match down to beat New Zealand 2-1 and finish fifth at the Men's World Junior Team Squash Championship in the Ecuador capital Quito.
Here's a look at Indian athletes' performance on Monday, Day 4 of the Games.
A summary of Indian athletes' performance on Wednesday, Day 6 of the Commonwealth Games in Birmingham.
The fifth seeded pair, who had a shaky pre-quarterfinal match against a Malaysian duo, was in terrific touch in the quarterfinal match against third seed Tesni Evans and Peter Creed of Wales.
Indian athletes' performance on Day 9 of the Commonwealth Games.
The Indian duo of Dipika Pallikal and Saurav Ghosal stormed to the final of the squash mixed doubles event of the Commonwealth Games, in Gold Coast on Friday.
Saurav Ghosal and Dipika Pallikal settled for silver medal in the mixed doubles squash event of the Commonwealth Games, in Gold Coast, on Saturday, becoming the first Indian pair to achieve the feat in the sporting extravaganza.
Check out India's schedule on Day 9 of the 2018 Commonwealth Games in Gold Coast on Friday.
A summary of sports events and sports persons, who made news on Wednesday
India badminton team have been accorded the top seed this time and are clubbed with Sri Lanka, Pakistan and Scotland in Group A.
India's Manika Batra and Mouma Das lost 3-0 to Tianwei Feng and Mengyu Yu of Singapore in the women's sinlges final.
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