We demonstrate a novel process for preparing densely packed film of silver nanoparticles at the liquid-liquid interface followed by a transmetallation reaction with gold ion to yield a film of bimetallic nanoparticles. Films of assembled silver as well as Ag-Au bimetallic were characterized by UV-vis-spectroscopy, transmission electron microscopy (TEM) and X-ray photoelectron spectroscopy (XPS) analysis. I-V measurement shows linear behavior for both the films with ca. five orders of magnitude drop in resistance for the Ag-Au bimetallic film. Temperature dependent I-V measurement revealed a semiconductor to metal transition after transmetallation reaction. The films where checked for their potential application in chemical vapor sensing to ammonia vapors. (C) 2010 Elsevier B.V. All rights reserved.