The optoelectronic, thermoelectric, and magnetic properties of novel Ba2GdMO6 (M = Pa, Ta) double perovskites have been computed with the spin-polarized density functional investigation. The calculations are performed using the FP-LAPW method in Wein2K code, by employing the GGA + U approximations. The band structures and density of states analysis show that Ba2GdPaO6 is an indirect band gap semiconductor with band gap values of 3.0 eV and 3.1 eV in the up and down spin channels, respectively. The Ba2GdTaO6 is also predicted as a semiconducting material with a direct band gap of 2.9 eV and 3.0 eV in up and down spin channels. The optical characteristics of the materials, such as the dielectric constants, absorption coefficient, reflectivity, loss function, and refractive index are computed. The optical results reflect that the materials are excellent choices for high-energy absorbent. The Seebeck coefficient increases beyond the temperature of 300 K for Ba2GdPaO6 and 400 K for Ba2GdTaO6. The increase in the Seebeck coefficient values suggests that these materials are p-type semiconducting. The ferromagnetic nature of the materials has been confirmed by predicting the ferromagnetic phase to be the most stable state. The total magnetic moments of the materials are found equal to 7 µB.