An Asian and Commonwealth Games gold-medallist, Jitu aggregated a total of 181.1 points to finish third on the podium, missing out on the gold medal shoot-out by 0.4 points.
Jin Jongoh of Korea won the yellow metal with a score of 206.0 beating Naung Ye Tun of Myanmar (201.0) in the gold medal shoot-out.
In the men's 50-metre rifle prone event, Chain Singh missed out on a medal finishing sixth after qualifying for the finals. He tallied 123.6.
Jitu was the first Indian shooter to earn a quota place for next year's Rio Olympics when he bagged a silver medal in the World Championships in Granada, Spain last September.
Yesterday, Apurvi Chandela became the second Indian shooter to bag a quota for the Games after winning the 10-metre air rifle bronze in the Korean city.
Apurvi shot a total of 185.6 in the finals, to finish behind Pejcic Snjezana of Croatia and Ivana Maksimovic of Serbia, who clinched silver.