Using Raman spectroscopy to study the correlated 4$d$-electron metal Sr$_2$RhO$_4$, we observe pronounced excitations at 220 meV and 240 meV with $A_\mathrm{1g}$ and $B_\mathrm{1g}$ symmetries, respectively. We identify them as transitions between the spin-orbit multiplets of the Rh ions, in close analogy to the spin-orbit excitons in the Mott insulators Sr$_2$IrO$_4$ and $\alpha$-RuCl$_3$. This observation provides direct evidence for the unquenched spin-orbit coupling in Sr$_2$RhO$_4$. A quantitative analysis of the data reveals that the tetragonal crystal field $\Delta$ in Sr$_2$RhO$_4$ has a sign opposite to that in insulating Sr$_2$IrO$_4$, which enhances the planar $xy$ orbital character of the effective $J=1/2$ wave function. This supports a metallic ground state, and suggests that $c$-axis compression of Sr$_2$RhO$_4$ may transform it into a quasi-two-dimensional antiferromagnetic insulator.
Comment: 6 (main text) + 7 (supplementary) pages, published version