“…The common observation in the XPS studies of metal nanoparticles reported in the literature ͑Au, Ag, Pd, Pt, Ni, Cu, and Co͒ is the positive core level shift with respect to the bulk values. [1][2][3][4][5][6][7][8][9] In a few studies, shifts in the binding energy of valence band with respect to Fermi level and narrowing of valence band spectra have also been reported. 3,7,8 Although considerable efforts have been focused on elucidating the physical origin of the observed size dependent changes, the interpretation of the observed behavior is still unclear.…”