The chemical sol-gel method was opted for the preparation of hematite (α-Fe₂O₃) . The of graphene oxide (GO) and α-Fe₂O₃ {i.e. (GO)_x/α-Fe₂O₃; x = 0, 0.5, 1.0 and 1.5 wt.%} were synthesized using two-step method. The dispersion of GO and α-Fe₂O₃ was done using Toluene for the preparation of (GO)_x/α-Fe₂O₃ . The crystal structure, surface morphology and modes of these were studied by X-ray diffraction (XRD), scanning electron microscopy (SEM) and Fourier transform infrared spectroscopy (FTIR), respectively. XRD spectra confirmed the phase formation and crystal structure of (GO)_x/α-Fe₂O₃ . The SEM images displayed that α-Fe₂O₃ were successfully dispersed over GO . FTIR spectra showed two transmittance bands at 464 cm^-1 and 537 cm^-1 correspond to Fe-O bond. LCR meter was used for the acquisition of frequency-dependent dielectric and impedance measurements of the samples. The variation in frequency-dependent dielectric and impedance properties was observed as GO were hybridized with α-Fe₂O₃ . Furthermore, the advancement in dielectric and impedance properties give evidence that the synthesized (GO)_x/α-Fe₂O₃ could be worthy useful for high frequency devices and energy storage appliances.