I coated one side of some wafer paper with piping gel,

sprinkled gold disco dust onto it,

and then punched out 1/2″ and some 1″ dots using two different paper punches I found online.

On a different sheet of wafer paper, I mixed some gold highlighter (made for cake decorating and non-toxic, but also not edible, so make sure to tell your peeps to skip eating it) with some Everclear (but you can use vodka or lemon extract if you’d rather) and brushed it on.
I used this same technique to color the wafer paper band around the top of the top tier.

Then punched more holes.
(Careful, it rubs off easily when you touch it!)

I used shortening to randomly adhere them to my middle tier covered in fondant.
(You could just use water, but be careful not to add too much as it dissolves wafer paper.)