Q2. On December 1, gold is trading at INR 45,500 per 10 grams. A Jeweller requires 500 grams of gold on March 1 for preparing new jewellery for the marriage season next year. The gold price has been highly volatile in the past 3 months, and experts differ in their opinion as to whether the gold price would increase or decrease in the future. The Jeweller believes that the gold price would decrease to about INR 40,600 by December 20 and would like to speculate using futures. There is a futures contract available with expiry on February 25, and the futures price is INR 46000. 1 lot is of 10 gm (05 Marks) i) Explain how the Jeweller can use futures. ii) On December 20, the spot price of gold is INR 42,400 per 10 grams and the futures price is INR 43800. What would be the gain for the Jeweller