Solanki lost 0-3 on points to Muhammad Ali of Great Britain in the third-place play-off to end his campaign without a medal.
The Indian got more points from the three judges in the first round but lost out in the two remaining rounds to miss out on the bronze.
In athletics, javelin thrower Pushpa Jakhar failed to deliver in the 'A' final as she finished sixth among the nine contestants.
Haryana girl Pushpa had registered a personal best of 50.21mm in the qualifying round. But, she started badly today with a poor 39.31m in her first attempt.
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Hanna Tarasiuk of Belarus won the event with a personal best 59.52m while Germany's Fabienne Schonig settled with the silver in 53.68m. Japan's Mori Nagisa went home with a bronze medal by hurling the disc to 52.27m.
In women's recurve individual archery event, Hema Latha Boda lost to Melanie Gaubil of France in the pre-quarterfinals to finish ninth overall.
Wrestler Shri Pal finished fifth in men's Greco-Roman after losing 0-4 to Ramandeep Khehira of Canada.
India are being represented by 32 athletes and they have won one medal so far through weightlifter Ragala Venkat Rahul on Thursday.