Placer gold recovered from the Paraíba do Sul River, which flows along a high-grade shear zone in northern Rio de Janeiro, Brazil, has a distinctive component of palladiferous gold. Its finding, reported for the first time in the state of Rio de Janeiro, implies a hydrothermal system of high salinity at relatively low temperatures, in which metal transport is facilitated by hematite-rich rocks and generally precipitated at redox fronts. Such a hydrothermal system is not geologically manifested in the currently exposed high-grade shear zone. The finding of palladiferous gold suggests that its source was eroded during periods of increased denudation rates since the Lower Cretaceous, as indicated by apatite fission-track (AFT) data that have been reported for the region.