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The spot price of gold as of 1 st October is Rs . 2 1 0 0 / g The expected future spot price of

The spot price of gold as of 1st October is Rs.2100/g
The expected future spot price of gold for a futures contract expiring in 3 months, i.e., on 31st December is Rs.2200/g.
What should be the speculators strategy if
(a) The futures price of gold for a futures contract, expiring in 3 months, ending 31st December is Rs.2170/g.
(b)The futures price of gold for a futures contract expiring in 3 months on 31st
December is Rs.2260/g.

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