A novel ink composition, which has an absorption characteristic excellent in color reproducibility as a yellow color of one of the three primary colors, which has enough fastness against light, heat and humidity, and which does not cause bronze phenomenon, is provided. The ink composition contains water, a yellow dye having an oxidation potential nobler than 1.0 V, and an aromatic compound, aliphatic compound and/or a salt thereof having at least one of carboxyl group, sulfo group and phosphoric acid group.