** Shares of Australian gold miners .AXGD drop as much as 2.8%, their biggest intraday percentage decline since May 15
** Investors are locking in profits after the sub-index's rally this year, analysts say
** Evolution MiningEVN.AX tumbles up to 4.9% while Northern Star Resources NST.AX falls as much as 2%
** Sub-index on track for a third straight day of losses, if trend holds
** AXGD last down 2%, trimming YTD gains to 50.4%
(Reporting by Aaditya Govind Rao in Bengaluru)
((Aaditya.govindrao@thomsonreuters.com;))
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