Iron is a limiting nutrient in the marine biogeochemical cycle, and hydrothermal processes at mid-ocean ridges are well-known as one of its sources to the water column. However, a major portion of the hydrothermal iron is precipitated near the source and plays an essential role in oceanic elemental cycling. Here, we carried out a detailed study on the geochemical characteristics of Fe, using a sequential chemical extraction protocol, in a short sediment core collected from the eastern Southwest Indian Ridge (SWIR) to understand the iron association in individual mineral phases. Major and trace and rare-earth element concentrations, positive europium anomaly, and rare-earth fractionation show that the source components in the sediment core are composed of biogenic, local mafic, ultramafic, and hydrothermal origin. Solid-phase Fe speciation results indicate that >60% of Fe is associated with the Fe-oxides phase and indicate the hydrothermal plume particulates settled from the water column. A relatively low concentration of Fe associated with the pyrite and silicate (FeRes) phase suggests an erosion of sulphide and silicate minerals from the nearby vent field. The down-core variation reflects the transformation of primary ferrihydrite to more stable oxide mineral goethite/hematite and, to some extent, the formation of silicate minerals.