Gadolinium-substituted magnesium-zinc ferrite (Mg x Zn 1-x Gd y Fe 2-y O 4 ) nanoparticles with different metal compositions for x between 0 and 1 and y between 0 and 0.06 were synthesized via coprecipitation of metal hydroxides, followed by calcination. Their crystal structure was characterized via X-ray diffraction analysis, confirming that the Gd-substituted Mg-Zn ferrite samples had a single-phase spinel structure. The metal composition significantly affected the crystal structure, including the lattice parameters and crystallite size. Scanning electron microscopy (SEM) showed that the ferrite samples had a diameter of approximately 50-200 nm. Furthermore, the temperature rise in an alternating magnetic field was measured, and the magnetic induction heating properties were evaluated using the specific absorption rate (SAR) determined from the temperature profile. The SAR significantly varied depending on the compositions of x and y. When x = 0.5 and y = 0.02, the SAR was found to be at maximum. This reveals that the compositions can control the magnetic induction heating properties. The results suggest that Gd-substituted Mg-Zn ferrite nanoparticles are promising candidates for magnetic hyperthermia applications.