Single phase samples of bulk GdCr1-xFexO3 were prepared for x = 0 to 0.50. The lattice parameters obtained from Rietveld refinement based on Pbnm space group show that they increase systematically with Fe concentration, i.e. with a = 5.3145 Å, b = 5.5249 Å and c = 7.6068 Å for x = 0 to a = 5.3330 Å, b = 5.5670 Å, and c = 7.6382 Å for x = 0.50. Magnetization measurement shows that all samples exhibit antiferromagnetic transition. Their Neel temperature (TN) gradually decreases upto x = 0.20 and beyond that it increases quite sharply due to considerable concentration of Fe3+ – O2− – Fe3+ networks. The magnetization reversal observed in the parent compound (GdCrO3) is found to be suppressed upon Fe substitution and however for x = 0.40, magnetic compensation is observed at Tcomp = 125 K. They are explained by considering the variation in the magnitude of weak ferromagnetic moment for different Fe concentrations. Complex impedance spectra measured at different temperatures above room temperature show the thermally activated relaxation of charge carriers with contribution from both grains and grain boundaries. The relaxation frequency of charge carriers and dc conductivity follow the Arrhenius law with comparable activation energy values.