The accused identified as Shiva, Anuj and Vir Singh were nabbed by the Indirapuram Police last night.
"During checking last night, police tried to stop an Indica car, after which the driver tried to flee following which a trap was laid and the accused were arrested," Inspector Rashid Ali said.
Police has recovered some illegal weapons, USD 500, 15 watches, 3 laptops, one ring, a camera and three knives from the car, he said.
The gang was also involved in other robbery cases in the city, police said.