The arrested were identified as Rohtash and Arvind of Mehrauli village, wanted in several cases of chain snatching, were arrested and recovered two country made pistols, two live and two empty cartridges, and cash of Rs 10,000, police said.
Police has also arrested a jeweller Braj Mohan of Mahendra Enclave to whom the duo used to sell the looted chains.
The duo had snatched a gold chain from a woman who was the wife of an advocate of Shastri Nagar. On Thursday too, the duo had attempted to snatch the purse of a lady, police said.
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