Stable silver and gold nanoparticles are of quite importance due to their applications as antibacterial carriers, tracers and staining agents. In recent years, we have been exploring ways to mildly reduce gold as well as silver salts in presence of stabilizing agents, which may prevent aggregation during the reduction process. In this presentation, we will present our results on the synthesis as well as stabilization studies of silver and gold nanoparticles in organic and aqueous media stabilized by a new stabilizing agent TTPI [tris (trimethoxy silyl propyl) isocyanourate]. In this presentation, we will also compare our method with other known methods for synthesis and stabilization of noble metal nanoparticles. We will present our preliminary study of the kinetics of the formation of particles and analysis of the nanoparticles via SEM and TEM.