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The accused had been absconding for two weeks since the crime at Mangapoyil.
One of the boys snatched the gold from an employee of the hallmarking unit after tricking him.
The accused robbed an employee at the Hindustan Petroleum pump shortly after 2 am on Friday. They stole the money from his pocket after sprinkling chilly powder into his eyes and covering his face with a mundu (dhoti).
The three men robbed the employee at the Hindustan Petroleum pump in Mangad, Omassery shortly after 2am on Friday.
A search is on for his accomplice Sulaiman who reportedly helped him strangle the woman to death
According to police, the woman named Sainaba went missing a week ago and her relatives filed a missing complaint on November 8.
The Kottakkal Police arrested the two for a robbery on October 16.
Bijoy had evaded arrest even as seven other accused in the case were behind the bars.
The accused, Sijo Jose was arrested from a hidebout at Angamaly by a Thrissur Police team.
The accused were taken into custody at the Mangalore Railway Station.