The trio of Anish, Anhad Jawanda and Shivam Shukla notched up a combined score of 1711 to claim third place and take India's overall tally from the competition to two gold, one silver and one bronze medal.
This was Anish's second medal of the competition after having won the 25m standard pistol gold on the opening day of the competition.
On day two, Yashaswini Singh Deswal had won India its second gold of the competition by winning the 10m air pistol individual women event.
Arjun had earlier shot a score of 624.4 in the qualification round to make it to the eight-man final in seventh position.