New Delhi, Oct. 7 -- Gold prices came under renewed selling pressure in Wednesday's trade, with spot prices falling to a two-month low, pressured by rising Treasury yields, which continued to hover at multi-decade highs, while a strengthening US dollar also weighed on the bullion.

Spot gold fell 2.3% to reach an intraday low of $4,066 per ounce, its lowest level since August 5. The US dollar index climbed 0.5%, making greenback-denominated gold more expensive for holders of other currencies, while 10-year US Treasury yields were at an over two-decade high.

The 10-year Treasury yield last traded around 1 basis point higher at 5.282%. Earlier in the session, it reached 5.35%, its highest level since 2002. The 30-year Treasury bond yield a...