Having failed as a team in the bronze play-off earlier in the day, the world number 18 was at his best in the individual final as he held on to his lead to wrap up the issue 148-145 against Esmaeil Ebadi of Iran.
The Asian Games silver medallist thus avenged his defeat to Ebadi at the Incheon 2014 in style.
India's recurve mixed pair of Deepika Kumari and Mangal Singh Champia will look to earn the country a second gold when they face their opponents from Mexico tomorrow.
The Delhi lad had a perfect start to the grudge match when he shot maximum (30) that included one closest to the centre in reply to Ebadi's 28 in the first end.
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Continuing his fine form, the 26-year-old had two 10s and one nine to extend his lead by three points after the second end.
The Iranian did not give up as he shot 30 in the third end, but it did not matter to the Indian, who matched his rival and had two closest to the centre en route to a 89-86 lead.
Ebadi shot maximum in the final end and Verma responded with one point less but that was enough to win the gold.
At Incheon Asiad, the first continental Games to include compound archery as a competition discipline, Verma went down to the top seed Iranian 141-145.