In last few decades, synthesis of metal nanoparticles such as silver, gold, copper, platinum and iron has been spotlighted with much interest among the material scientists due to their peculiar properties such as tunable optical property, electrical property, good chemical reactivity, thermal stability, large surface areas to volume ratio, magnetic property, high catalytic activity and easy handling [1,2]. They have been used in diverse fields such as cosmetics, medical diagnosis, therapy, energy, electronic devices, catalysis, sensors and waste treatment process [3-6]. Among the metal nanoparticles, silver nanoparticles (AgNPs) have much interest due to their exclusive physical, chemical and biological properties compared to bulk material. It has been used in inks [7