Mehuli had topped the qualifying with a score of 628.8 earlier in the morning and led the eight-woman finals field after 10 shots with a score of 104.3, 1.1 ahead of Stephanie.
Bhaker shot 244.7 to claim the top prize in the prestigious season-ending tournament
Check out India's schedule on Day 5 of the Commonwealth Games in Gold Coast, on Monday.
Former India shooter Shimon Sharif has successfully organised the second edition of the virtual tournament last Saturday and he is optimistic of this becoming a regular affair at a time when the world is under lockdown due to the COVID-19 pandemic. In fact, he feels similar tournaments can be organised even when normalcy returns, athletes venture out and sporting events resume outdoor.
Anish wins 25m rapid fire pistol gold, silver for Esha at Junior World Cup
India's shooter Apurvi Chandela had a gold medal in her grasp before a slip up in the 19th shot pushed her outside the medal bracket at the ISSF World Cup Rifle/Pistol stage.
'There is a total stop on everything. Of course, production and export has taken a hit due to the bad situation in Europe'
The Meerut-based Rizvi shot a world record 242.3 in the 10m air pistol event's final to beat reigning Olympic champion Christian Reitz of Germany (239.7) to win the top prize.
Summary of sports events and persons who made news on Wednesday
The 15-year-old from Aizwal, who is also a world youth silver-medallist, lifted a total of 274 kg (124 kg +150 kg) to finish on top.
Indian Olympic Association (IOA) President Narinder Batra made the announcement during the send-off ceremony in New Delhi on Monday.
Saurbah Chaudhary would dream of excelling in the Olympic sport one day.
Bhaker beat a two-time World Cup Finals winner and the host country's Alejandra Zavala, with a 10.8 in the last shot of the 24 shot final, to come out on top with a score of 237.5.
For someone who took to shooting just a little over two years ago, winning two gold medals at a global event of this magnitude would easily qualify as some achievement.
Angad Vir Singh Bajwa won the gold medal with a world record score in the men's skeet final of the 8th Asian Shotgun Championship, becoming the first Indian skeet shooter to win a continental or world level event in Kuwait City on Tuesday.
Young shooting sensation Manu Bhaker became the second Indian after judoka Tababi Devi to win two medals at the Youth Olympic Games (YOG) after winning a silver while the men's hockey team moved to the semi-finals with a 4-2 win over Poland, in Buenos Aires, on Friday.
Saurabh Chaudhary claimed the gold medal in the 10m air pistol event at the Youth Olympic Games, in Buenos Aires, on Wednesday, capping off the Indian shooting team's best-ever outing in the mega event on a rousing note.
Gagan Narang, Jitu Rai and young Mehuli Ghosh failed to make the Indian shooting squad for the upcoming Asian Games, even as a few unheralded faces were picked for the quadrennial extravaganza, starting in Indonesia, from August 18.
Saina Nehwal and Kidambi Srikanth won their respective singles matches, while Satwik Rankireddy and Ashwini Ponnappa triumphed in the mixed doubles to help India outclass Malaysia in the final and clinch the gold medal in the Mixed Team badminton gold medal match at the 2018 Commonwealth Games.
Young Akhil Sheoran clinched the gold medal in men's 50m rifle 3 position with plenty to spare as India continued their superlative run at the ISSF World Cup in Guadalajara, Mexico.
The teenager could be the youngest ever to win senior World Cup gold medals for India though the National Rifle Association of India (NRAI) could not confirm.
Young Indian shooter Lakshay claimed the silver medal in the men's trap event of the Asian Games, in Palembang, on Monday.
Hitting the target with monotonous regularity, Indian shooters' dominance in a phenomenal 2019, at times, made world events look like domestic tourneys. Indian shooting's best show at the Olympics remains the two medals won at London in 2012, but if the shooters' exploits in recent months are anything to go by, the country can easily emulate or better that in Tokyo.
A summary of sports events and persons who made news on Wednesday
Mehuli Ghosh's effort will, however, not be considered as a world record, as the South Asian Games' results are not recognised by the international body (ISSF) for the purpose of records.
'I was just trying to control my nerves. Nerves do play a big role. I just asked myself to stay calm as it was a matter of few more shots'
Chandela shot an astonishing 252.9 in the eight-women final, finishing 1.1 points ahead of silver medallist China's Ruozhu Zhao (251.8) points.
The 20-year-old's top prize, however, did not translate into an Olympic quota for India as Apurvi Chandela and Anjum Moudgil have already secured the maximum two berths available per country in last year's World Championships.
Indian shooter Manu Bhaker won gold in women's 10m Air Pistol in Youth Olympics on Tuesday.
Summary of sports events and persons who made news on Friday
On the last day of the competition, Yash Vardhan and Shreya Agrawal bagged three gold medals each.
The swimmers led India's charge on Saturday by winning 7 gold, 1 silver and 1 bronze as they completely dominated the pool yet again.
World rapid champion Viswanathan Anand came up with a fine performance to be placed tied second in the blitz tournament of the Altibox Norway chess tournament, in Stavanger.
The sheer diversity of medal winners was a heartwarming aspect of the Games for India. There were medals from squash, although not gold, there were nine medals from boxing, 12 from wrestling, 16 from shooting and nine from weightlifting.
The focus is firmly trained on teen sensation Manu Bhaker as the fancied Indian shooting team eyes a head start at the 21st Commonwealth Games
Rediff.com's Norma Godinho and Laxmi Negi glance at the athletes and disciplines likely to win medals for India at the 2018 Commonwealth Games.
Summary of sports events and persons who made news on Thursday
P V Sindhu opens her campaign in the China Open women's singles against Evgeniya Kosetskaya of Russia, in Fuzhou, China, on Tuesday.
Looking back, the Indians had rubbed their hands in delight at the variety of marquee events at home the sporting calendar of 2017 offered, and they now look forward, with optimism and anticipation, to a challenging 2018.