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Pallikal and Chinappa, who had won a historic gold in Glasgow Games four years ago, fell short against the New Zealand combine of Joelle King and Amanda-Landers Murphy losing 9-11, 8-11 in the title clash.
The Indians were visibly upset with some of the calls taken by the referees.
Going by the number of medals, it was India's best ever performance at the Games ever since the sport was introduced way back in 1998.
The gold won by Pallikal and Chinappa in 2014 was India's first ever squash medal at the Games.
India did not win a medal across four editions from 1998 to 2010.
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