Oxidation is a vital phenomenon for magnetite pellets in their excursion through the furnace during induration. One of the prerequisites for magnetite pellets to achieve homogeneously structured good quality pellets is to have complete oxidation before sintering begins. Partially oxidized magnetite pellets, upon sintering, might result in inhomogeneous structured pellets which could be detrimental to pellet quality. It is necessary to understand the mechanisms responsible for magnetite oxidation, and hence, it is intended in this study to investigate experimentally as well as develop a mathematical model based on oxidation kinetics. Oxidation of pellets is largely influenced by the oxidation kinetics of particles and hence should be studied at particle as well as at pellet scale. The principles of the Grain Model have been adopted to develop the Oxidation Model at pellet scale, whereas the particles' oxidation follows the Avrami Kinetic Model. Isothermal oxidation experiments performed Thermogravimetric Analyzer showed that oxidation rate of magnetite at pellet scale contained two peaks. They were complemented well by oxidation rates predicted from the model. Further, the pellet was investigated microstructurally at pellet and particle scale to substantiate the findings from the experiments and the model. The oxidation model developed is used to predict the progression of oxidation in the magnetite pellet with respect to the reaction time at three different temperatures (873 K, 973 K, and 1073 K (600°C, 700°C, and 800°C)) and at four levels of oxygen (0.21, 0.30, 0.60, and 1.00 atm) in the oxidizing gas.