The Gd-modified BiFeO3-PbTiO3 composites i.e. 0.5BiGdxFe1-xO3-0.5PbTiO3 (BGxF1-x-PT) with x=0.00, 0.05, 0.10, 0.15, 0.20, were prepared by mixed oxide method at high temperature. The structural study reveals that the composites showed tetragonal crystal structure at room temperature and tetragonality (c/a ratio) of composites decrease with increase in Gd concentration. The average crystallite size of the composites was found to be in the range of 30-89 nm. Surface morphology of the composites was studied by scanning electron microscopy (SEM). The Goldschmidt tolerance factors of the composites were found to be in the range of 0.989-0.976. The nature of Nyquist plot confirmed the presence of both bulk and grain boundary effects, and non-Debye type of relaxation process occur in the composites. The activation energy of the composites was found to be in the range 0.13-1.38eV. The analyses of ac conductivity data obey the universal agreement with Jonscher’s power law. Further, the explanation of conduction mechanism through correlated barrier hopping (CBH) model was discussed.