Silica extracted from rice straw was utilized to synthesize nanoscale ZSM-5 zeolite, which was further modified with platinum (Pt) or gold (Au). The structural properties of the materials were examined using XRD, SEM, and BET analysis, while acidity distribution was determined by in situ FT-IR through pyridine adsorption. The zeolitic samples were evaluated as catalysts for isopropanol conversion in the temperature range of 150–275 °C. Modification of HZSM-5 with Au and Pt introduced additional active metal sites and enhanced the acidity of the catalyst, thereby lowering the activation energy for dehydration reactions and improving catalytic performance. Both acetone and propene were produced from isopropanol conversion across all catalysts, with oligomerization occurring at temperatures above 200 °C. Among the catalysts, HZSM-5 modified with 4% Pt or 4% Au exhibited superior conversion rates and selectivity to propene, achieving 92% selectivity at 200 °C. The enhanced propylene selectivity and stability of Au/HZSM-5 are associated with preserved medium-strength acid sites, as evidenced by in situ FT-IR pyridine adsorption, particularly the band at 1457 cm⁻¹. Theoretical studies indicated that incorporating noble metals such as Au and Pt enhances the stability of the zeolite structure, which is consistent with the experimental results, suggesting new potential for advanced catalysis and material science applications.