Gold price fell to a record low after a surge in demand from the Chinese market, while silver rose to a five-month high after a spike in demand in the US.

Gold prices fell to $1,827.30 an ounce (2,976.45 euros) on Friday.

Silver jumped $6.40 to $5,931.50 an ounce.

The US dollar fell 0.4 percent against a basket of currencies in morning trade.