The Indian duo lost 7-11, 4-11 to King and Coll and missed out on a spot in the final of the event.
The experienced Ghosal, seeded second in the tournament and ranked 30th in the world, needed just 43 minutes to thrash the 10th-seeded Malhotra. Ghosal kept his rival on the run with an array of shots and dominated the proceedings.
Indian athletes' performance on Day 9 of the Commonwealth Games.