The 31-year-old Narang, who had won a bronze in the 2012 London Olympics in 10m air rifle event, shot 423.3 while Rajput aggregated 436.8 in the final held under windy conditions at the Barry Buddon Shooting Center at Dundee near here.
England's Daniel Rivers won the gold with a total of 452.9.
Rajput, who was entering the 50m rifle 3 positions, and Narang were trailing at third and fifth after the three rounds of kneeling competition, each round having five shots. They were fourth and sixth respectively after the completion of three rounds of prone competition.
Narang had won gold in both the singles and pairs events of 50m rifle 3 position in both the 2006 and 2010 Commonwealth Games.
With the two medals today, India have bagged 16 from shooting ranges -- four gold, nine silver and three bronze. England won 15 medals (5, 2, 8) while Australia got eight (6, 0, 2).
For the record, Gagan returned with just one silver and a bronze from this CWG. He also failed to equal Michael Gault (England) and Jaspal Rana's feat of nine gold in shooting in CWG.
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