Suspect Yesudoss was nabbed near Independence Park in Nungambakkam on January 29 and he has confessed to having committed the crime, police said.
Of the total five kg, ornaments weighing over 4.235 kg, worth Rs 1.25 crore were recovered from him, police said.
The accused has been remanded to judicial custody.
In September last, the gold ornaments were robbed from a moving car, after its owner's attention was diverted, near Duraisamy subway in the T Nagar area.
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