An electrochemical sensor has been developed using PBNCs/AuNPs/RGO ternary nanocomposite, in which gold nanoparticles (AuNPs) are deposited on Prussian blue nanocubes (PBNCs) and reduced graphene oxide (RGO) using two‐step in‐situ synthetic approach. The synthesized ternary nanocomposite shows high catalytic activity towards H2O2 sensing due to the synergistic effect of gold nanoparticles and RGO. The material was prepared by the co‐precipitation method, and the morphology of the synthesized composites was characterized using X‐Ray diffraction (XRD), scanning electron microscopy (SEM), and High‐resolution Transmission electron microscopy (HR‐TEM). Electrochemical measurements were performed by modifying glassy carbon electrodes (GCE) with bare PBNCs, PBNCs/RGO, and PBNCs/AuNPs/RGO for low‐level detection of H2O2 using Cyclic Voltammetry (CV) and Chronoamperometry. The interference property was analyzed using ascorbic acid (AA), uric acid (UA), and glucose as interfering agents. The modified electrode shows high sensitivity of 5.47 nA/nM and a limit of detection of 260 pM for H2O2 at (S/N=3). This electrochemical sensor observed a linear range of detection from 0.66 nM to 10.53 nM. The proposed sensor exhibits good stability, better selectivity, and a picomolar concentration detection limit for H2O2.