It was a tough match for Australia as they came from 12-0 down to level the scores in the second half which saw the game go to extra time where the next team to score would win the gold. 

After a close chance from Australia, which saw them tackled 15m from the line, Kelly Brazier ran 60m to score the winning try. 

However, the loss to New Zealand will motivate the Australian team heading back in the Sevens World Series and the World Cup.

"We have a lot of work on and that's just going to make us hungrier going into this World Series and the World Cup come July," Emily Cherry said.

New Zealand currently holds the World Cup title from 2013 after losing in the quarterfinals to Spain but that was five years ago and much has changed for both teams. 

The Sevens side will be back in action this weekend in Kitakyushi, Japan as Australia look to keep their Championship winning streak going having won Dubai and Sydney. 

The Sevens Series will be capped off in June before the World Cup in San Fransico in July.