We use a prescription to gauge the SU(2) Sky-rme model with a U(1) field, c
haracterized by a conserved baryonic current. This model reverts to the usu
al Shyrme model in the limit of the gauge coupling constant vanishing. We s
how that there exist axially symmetric static solutions with zero magnetic
charge, which can be electrically either charged or uncharged. The energies
of the (uncharged) gauged Skyrmions are less than the energy of the (usual
) ungauged Skyrmion. For physical values of the parameters the impact of th
e U(1) field is very small. so that it can be treated as a perturbation to
the (ungauged) spherically symmetric hedgehog. This allows the perturbative
calculation of the magnetic moment.