Present study deals with hematite/M (M = Au, Pd) catalysts converted from a double-hollow Prussian blue microstructure (DHPM). The unique Prussian blue (PB) microstructure (MS) is prepared by a template-free solvothermal synthetic route in a single-step reaction. An amine-functionalized silicate sol-gel matrix (SSG) has served as the structure-directing agent cum stabilizer for making DHPM. Synthesized DHPM is having a unique structure: a hollow core and an in situ etched porous surface. Growth mechanism is explored and revealed by analyzing several experimental parameters such as HCl concentration, Fe source, effect of the added EtOH, silane concentration, and role of silanes' amine groups. It is identified that the superstructure consisted of well-aligned PB cubes growing radially from the core of the superstructure. Metal (Au and Pd) nanoparticles (NPs) are deposited on both interior and exterior of the PB MS through galvanic displacement reaction, and thus metal NP-loaded hematite phase iron oxide (α-Fe2O3) nanomaterials were derived by annealing them in air. Catalytic activities of the hematite/M(M = Au, Pd) MS are investigated toward simultaneous catalytic reduction of o-nitrophenol and p-nitrophenol. The resultant hematite/Pd MS showed high structural stability and catalytic active sites than the hematite/Au MS, which enhances the catalytic properties for the simultaneous catalytic reduction of both nitrophenols.