In metallic systems, strong screening of the Coulomb interaction between an electron and a hole by free electrons largely prevents the formation of an exciton. In one-dimensional metallic systems, however, the screening effect is significantly reduced. Recent theoretical and experimental studies suggest that an exciton state can be realized in metallic single-walled carbon nanotubes (SWNTs) due to their ideal one-dimensional structure. Here, we experimentally investigate photoluminescence in both metallic-SWNT-enriched and semiconducting-SWNT-enriched samples using femtosecond time-resolved photoluminescence measurements. By comparing luminescence kinetics and time-integrated spectra between the two samples, the observed signal in the metallic-SWNT-enriched sample is attributed to the luminescence from metallic SWNTs. We also show complementary data of photoabsorption signals in the metallic-SWNT-enriched sample measured by transient absorption spectroscopy. A difference in temporal behavior between the luminescence and absorption signals strongly suggests that the luminescence is excitonic in nature, and the exciton lifetime is found to be 40 ± 10 fs. This long lifetime indicates that a large exciton binding energy leads to a relatively stable exciton state in the presence of metallic electrons.