Nanozymes are nanomaterials that exhibit enzyme-like activity upon exposure to a substrate solution. The use of noble and platinum group metals enhances enzyme-like catalytic activity. However, noble metals are obtained at a high cost; therefore, their recovery after use is of high importance. Herein, we report the fabrication of indium tin oxide-silica nanoparticles decorated with palladium nanoparticles (ITO-SiO2-prS-PdNPs). The ITO-SiO2-prS-PdNPs were evaluated for peroxidase-like activity toward the oxidation of 3,3',5,5'-tetramethylbenzidine (TMB) in the presence of H2O2. A colour change from clear or colourless TMB to blue colour (oxidized TMB products) was observed confirming the peroxidase-like activity. A typical Michaelis-Menten enzyme-like behaviour is observed with Km values of 0.68 mM for H2O2 and 0.47 mM for TMB, which are better than the reported values for horse-radish peroxidase (HRP) for the same substrate. The peroxidase-like activity of ITO-SiO2-prS-PdNPs was found to proceed via the electron-transfer mechanism. The ITO-SiO2-prS-PdNPs were cleaned successfully after each use by rinsing with water and ethanol solution thus making the surface simple and easy to recover and reuse. A reusable and highly selective colorimetric assay for glucose detection based on the peroxidase-like activity of ITO-SiO2-prS-PdNPs gave excellent results. ITO-SiO2-prS-PdNPs exhibited a good linear range of 5.0-30 μM, a low limit of detection (LOD) of 1.84 μM and a limit of quantification (LOQ) of 6.14 μM. Finally, the nanozyme (ITO-SiO2-prS-PdNPs) was successfully used to detect glucose in a complex newborn calf serum (NCS), representing a real sample.