Abstract: This particular study titled “Going for Gold Medals: Factors affecting Olympic Performance was carried out with special reference to 2000 Olympic Games. This study was thoroughly undertaken by the researchers by focusing on the problem that why countries show different performance in Olympics? There were three objectives set to be achieved by this study, which include a key objective namely ‘To examine the influences of factors affecting the Olympic performance and two specific objectives such as (i) To produce a mathematical model facilitating to predict the Olympic tally (ii) To identify the degree of factors influenced on the Olympic performance. The researchers carried out an extensive literature review to provide a conceptual background of the study, to develop a conceptual model, and to formulate hypotheses for the study. Olympic Games in 2000, 80 countries and 921 medals were selected for the survey. Certain conclusions were made from the study after carrying out detailed scientific analysis of data using appropriate statistical tools. The conclusions are that the factors such as size of population of countries, GDP per capita, HDI, communist background and host city advantages of certain countries in the particular Olympic year. It showed significant relationship with some variations between these variables and Olympic performance. Based on the findings of the study, recommendations were made to the sport authorities and researchers in the field of sport to improve sport performance in their countries in future.