Obradović won his second gold medal at the 1997 FIBA European Championship in Spain. Over nine tournament games, he averaged 5.1 points and 2.3 assists per game. The team went on to win their second straight gold medal, defeating Italy in the final game. In the next year, Obradović was a member of the Yugoslavia team that won the gold medal at the FIBA World Championship in Greece. He scored his tournament-high with 18 points, making 4 threes out of 4, in 19 minutes in a 99–54 win over Japan. Over nine tournament games, he averaged 9 points, 1.1 rebounds, and 1.3 assists per game.