jewellers can directly deal with international dealers on the exchange and place a bid. The bullion exchange will then import this gold and sto it in three designated walts. Every electronic unit is backed by physical gold in the vault. Some experts believe that thes could even have an impact on gold prices. A kilo of gold could see a price drop of up to 50 dollars. And finally, there's one other thing every hoping will pan out: india moves from being just a prize taker to a prize setter.