Because of their scientific and technological utility, magnetic properties of fine-particle systemshave assumed great importance in recent years. Maghemite (
-Fe
2O
3) and magnetite (Fe
3O
4)are commonly used in magnetic inks, as catalysts, and as ferrofluids for biomedical uses. In thecurrent work, we report a novel one-step process for the synthesis of different iron oxide phases,including maghemite and magnetite, using the aqueous combustion synthesis technique. Themethod involves a self-sustained reaction between an oxidizer (e.g., metal nitrate) and a fuel(e.g., glycine or hydrazine). Using this approach, for the first time, spherical, nanoscale (6-10nm) iron oxide particles with excellent ferrimagnetic properties were synthesized. While thesamples have particle sizes of <10 nm, they exhibit ferrimagnetic behavior at room temperature,as opposed to super-paramagnetism, as reported previously by numerous workers. Further,particularly for Fe
3O
4, the coercivity values are exceptionally high (213 Oe), indicating stablemagnetization.