Three-time reigning all-round world champion Averina, 22, had been odds-on favorite to win the gold after topping qualifying ahead of twin sister Arina Averina, but on a day of high drama at the Ariake Gymnastics Centre on Saturday both were left disappointed.
Dina Averina finished with a total of 107.650 – not enough for her to overcome Israeli rival Ashram, who topped the podium with 107.800.
Arina Averina missed out on a medal altogether as she ended fourth behind Alina Harnasko of Belarus.
Dina Averina appeared distraught as her second-place finish was confirmed, slumping into her chair and bursting into tears.
It is the first time since the Atlanta Games 25 years ago that a Russian gymnast has not taken home the all-round title.
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