Electroabsorption in metallic nanoparticles within transparent dielectric media has been measured. In particular, gold nanoparticles in glass and subnanometer-size metallic domains in iodine doped nonconjugated conductive polymer have been studied. Measurements have been made for applied ac fields at 4 kHz, at a wavelength close to the onset of the surface plasmon resonance. The measured electroabsorption (imaginary part of χ(3) or Kerr coefficient) has a quadratic dependence on electric field. Its magnitudes were compared for different sizes of the metallic nanoparticles down to the subnanometer-size particles in iodine-doped nonconjugated conductive polymer. As in the case of quadratic electro-optic effect reported earlier, electroabsorption has approximately a 1/d3 dependence, d being the diameter of nanoparticle. This is consistent with existing theories on confined metallic systems.