Those arrested are Ashok Kumar (35) and Rajeev Kohli, both residents of Shamli district in UP.
DCP Kamal Deep Goyal said they were involved in the chain snatching in Sector 27 on July 9 when they targeted a native of J&K.
He said they were produced in the court, which remanded them in police custody till July 19.
He said Rajeev was booked in six cases in Delhi and three in Chennai.
The DCP said while going to J&K, the duo had carried out snatchings at Gangoh in Saharanpur and Panchkula.
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