Gold lost 600 rupees to 26,740 rupees per 10 grams in Delhi's bullion market on Monday, following a panic selling by stockists, sparked by a steep fall in global bullion markets. Silver also shed 500 rupees to 53,500 rupees per kilo.In Singapore, gold tumbled 124 dollars to 1,533 dollars an ounce and silver dropped 10 per cent to 26.07 dollars an ounce.