Euphorbia antiquorum was known for its various therapeutic values like anti-inflammatory, anti-diabetic activity etc. Preliminary phytochemicals screening of plant extract disclosed the existence of various important bioactive constituents in hexane, ethanol and aqueous extract of the plant. Aqueous extract of Euphorbia antiquorum was used for silver and copper nanoparticle synthesis. Synthesized silver and copper nanoparticle showed the absorbance line at 422 and 367 nm respectively. Fourier-transform infrared spectroscopy analysis of synthesized nanoparticles reported the presence of phenol groups, amines and esters. Shape and morphology of the synthesized nanoparticles were characterized through Field Emission Scanning Electron Microscopy which showed the spherical shaped nanoparticles. Energy dispersive X-ray spectroscopy images showed the composition of analysed nanoparticles. The antioxidant activity of synthesized silver and copper nanoparticles of Euphorbia antiquorum by hydrogen peroxide scavenging activity method using ascorbic acid as the standard showed effective scavenging activity and indicated the potentiality of the plant as a source of natural antioxidant. Cytotoxicity study of silver nanoparticles showed 73.22% of inhibition at the concentration of 1000 µg/ml whereas copper nanoparticles at the same concentration showed 68.85% of inhibition against breast cancer cell line.