This invention relates to a sol-gel method for preparing red fluorescent powder used in light emitting diode. The chemical formula of the red fluorescent powder is R2-x-yEuxAy(MO4)3, wherein x is within 0-2; R is one or more of Sc, Y, La, Gd and Lu; A is one or two of Sm and Bi; y is within 0-0.3; M is one or two of Mo and W. The red fluorescent powder has an average particle size less than 2 mu.m, a main emission peak of 616 nm, and a synthesis temperature of 650-1000 deg.C. The red fluorescent powder has strong excitation absorption at 370-500 nm near-UV wave band and blue light wave band, high luminescence intensity, high color purity and high stability. The sol-gel method utilizes citric acid as the complexing agent to prepare high-brightness red fluorescent powder, the reaction temperature is largely lower than that of the solid phase method, and the obtained red fluorescent powder has small and uniform sizes, spherical particle shape, high purity, high quantum efficiency, and good luminescent property, and can be used in light emitting diode and fluorescent lamp excited by near-UV and blue light.