An Olympic medal is honored to victorious participants at one of the Olympic Games. There are three categories of medal viz gold, silver and bronze. The champion is honored by gold medal, the first runner-up by silver and the third place holder by the bronze medal.
Some nations, over and above awarding all their Olympic sportsmen, grant sums of funds and gifts to medal champions depending upon the categories and figure of medals won.
London Olympics 2012 Medals
http://www.onlinesportsworld.com/london-olympics-2012/olympic-medals.html
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