There may be many sources of the eye pain
, but the most common cause may be ethmoid sinusitis
The major cause of what we call rhino-sinusitis is viral. The ethmoid sinus has a thin paper plate adjacent to the orbit (eye) and may actually be deshiscent (partially absent). Thus the cold leads to swelling of the mucous membrane of the nose leading to ethmoid sinusitis and irritation of the eye.