An ultraviolet ray curable ink composition adapted to be ejected by using an ink jet method is provided. The ultraviolet ray curable ink composition includes a polymerizable compound and metal powder. The metal powder is constituted from metal particles subjected to a surface treatment with a fluorine type silane compound and/or a fluorine type phosphoric acid ester as a surface treatment agent. A polymerizable compound includes a monomer having an alicyclic structure. This makes it possible to provide the ultraviolet ray curable ink composition which has excellent storage stability, can provide excellent dispersion stability of the metal particles of the metal powder. A printed object is also provided. Such a printed object is produced by using the ultraviolet ray curable ink composition.