Homogeneous single phase GdCrO3 nanoparticles are synthesized by a modified-hydrothermal synthesis. The sample shows a compensation temperature at 128 K, below which the DC magnetization becomes negative and positive at low temperatures due to the competition between the two sublattice magnetization. At Neel temperature (168K), the line width and the intensity show an abrupt transition, revealed from electron paramagnetic resonance spectroscopy.