Gold prices jump Rs200 on firm global cues, buying support

Trading sentiment turned bullish after gold rose to a four-month high in global markets as credit rating cuts in Europe increased demand for the metal

Gold prices today skyrocketed by Rs200 to Rs17,190 per ten gram in New Delhi on frantic buying by stockists and jewellery fabricators.

The trading sentiment turned bullish after gold rose to a four-month high in global markets as credit rating cuts in Europe increased demand for the metal as safe investment, marketmen said.

Gold recorded a handsome gain of 15.40 dollar to 1,168.40 dollar an ounce in New York last night.

Some investors were seen shifting their funds from weakening equity to rising bullion and firming trend at futures trading further fuelled the uptrend, they said.

Standard gold and ornaments spurted by Rs 200 each to Rs 17,190 and Rs 17,040 per ten gram respectively. Sovereign followed suit and traded higher by Rs 50 to Rs 14,100 per piece of eight gram.

However, silver ready lacked necessary buying support and declined by Rs 100 to Rs 28,000 per kg and weekly-based delivery by Rs 85 to Rs 27,625 per kg.

Meanwhile, silver coins remained unchanged at Rs 33,600 for buying and Rs 33,700 for selling of 100 pieces.


Food inflation to decline in coming months: Finance minister

The minister said that food inflation has come down from 20% in December 2009 to 17.7% in March 2010

Finance minister Pranab Mukherjee said today that prices of essential commodities have started softening and food inflation will decline in the coming months, reports PTI.

“Indications of softening food inflation are clearly visible. It is expected that this would decline in the coming months uninterruptedly,” he said, while initiating discussions on the Finance Bill in the Lok Sabha.

Food inflation, the minister said, had declined from over 20% in December 2009, to 17.7% in March 2010.

The minister also recalled the steps taken by the government to deal with general inflation, which was in the negative zone in June-August 2009, and had since risen to 9.9% in March 2010.

He also expressed the commitment of the government to continue with the fiscal consolidation programme and gradually reduce the fiscal deficit to 4.5% in 2011-12 and 4.1% in 2012-13.


McAfee promises to compensate users affected by faulty update

An anti-virus package is supposed to protect users from virus attacks. McAfee's faulty update patch, however, did the reverse

Security and anti-virus software maker McAfee has said that it will compensate users of its anti-virus program, who were affected by a faulty update patch, mostly users of Windows XP3.

Last week, McAfee distributed malware definition update file ‘5958 DAT’ for its software users. Following the update, McAfee's VirusScan detected a genuine Windows file 'svchost.exe' as being infected with new variants in the ‘Wecorl’ family of malware, (W32/Wecorl.a). It then forced the system to shut down and reboot in a loop. Many users were left with a system locked in a permanent reboot cycle. Interestingly, the Wecorl virus is fairly old and unless there are some alterations made to it by its developers, there was no reason for McAfee to detect it as a new virus.

In a blog update, McAfee said that home or home office users whose PCs were rendered inoperable or severely impaired as a result of the security update will receive a free two-year extension of their current McAfee subscription product at no charge. Similarly, customers who have incurred costs to repair their systems because of security update issues would be reimbursed 'reasonable' expenses, it said.

The question, however, is whether users of Windows XP3 and McAfee would be able to detect the issue. Since the Windows operating system has a habit of displaying the 'blue screen of death’ time and again, many would not be able to see the difference between the two errors. They may think the blue screen is a result of Windows itself and not that of their trusted anti-virus software.

Anyway, the remedy for the problem is to restore 'svchost.exe' with the Super DAT remediation tool and update to 5959 DAT or later from McAfee.



James Nolte

7 years ago

Being a user for a few years my last invoice no PL628584447 - my computer was shut down and as a result was unable to use at all. Since then have purchased a new Dell and not sure if you will be able to procect it . Thanks for any suggestions you may have. James Nolte


7 years ago

would you show us any other payment methods for Africa. Thanks

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