The 4,700 gold, silver and bronze medals, made at the Royal Mint in Llantrisant, near Cardiff, will be kept at the London landmark until needed.
They will be awarded in 805 victory ceremonies, taking place from 28 July.
The Olympics medals were designed by artist David Watkins, the Paralympics medals by jewellery artist Lin Cheung.
At the tower, Rio Tinto, the mining company which has produced the metals for the medals, will hand them over to London organising committee chairman Lord Coe and they will be taken down to the vaults."
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