A dispersion solution containing ultrafine metal particles, comprising a low-boiling solvent and, contained therein, ultrafine metal particles of any one of Ag, Cu or Zn having a fatty acid and a glyceride coordinated on the surfaces thereof. The dispersion solution contains, dispersed therein, ultrafine metal particles that have excellent antibacterial power at a high concentration without being aggregated. The dispersion solution maintains excellent dispersion property even after the passage of long periods of time and also exhibits very high degree of transparency even when it is mixed into a resin composition.