TiO2 nanoparticles with embedded magnetite were suspended in aqueous HAuCl4 and ultraviolet irradiated to photodeposit gold on the surface. The degree of gold coating and the wavelength of absorbance could be controlled by adjusting [HAuCl4]. Absorbance maxima were between 540-590 nm. Particles exhibited superparamagnetic properties (blocking temperature ∼170 K) whether or not coated with gold. These particles have potential applications as drug delivery agents, magnetic imaging contrast agents, and magnetically separatable photocatalysts with unique surface properties.