After executing the command u suggested here is the result.

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[root@localhost Desktop]# yum localinstall gcc-3.2-1.i386.rpm

Loading "installonlyn" plugin

Setting up Local Package Process

Examining gcc-3.2-1.i386.rpm: gcc - 2:3.2-1.i386
Marking gcc-3.2-1.i386.rpm to be installed

Could not retrieve mirrorlist http://mirrors.fedoraproject.org/mirrorlist?repo=updates-released-f7&arch=i386 error was

[Errno 4] IOError: <urlopen error (-3, 'Temporary failure in name resolution')>

Error: Cannot open/read repomd.xml file for repository: updates