Naveen was arrested near Kushal Cinema Chowk, Jahangirpuri, last night and the police have seized Rs 4.5 lakh from him, they said.
They said Naveen and his associates had conspired and looted Joginder, who works with a jewellery firm in Uttar Pradesh's Saharanpur, in Rishikesh on October 12 while the latter was on his way to deliver the yellow metal.
One of Naveen's associates, Saurav, also used to work for the firm. On the day of the robbery, Saurav had informed the accused about Joginder's travel plan.
The accused fled after looting Joginder and sold the gold to a gold smith in Jahangirpuri.
"Based on their information, the Uttarakhand Police sought assistance from us. Finally, Naveen was arrested from near the chowk at around 9 PM yesterday," an official said said.
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